NPR

Rosy Vaccine Outlook Brightens World Economic Forecast, But Recovery May Be Uneven

China is predicted to account for more than a third of global economic growth next year, while the U.S. and European countries will lag behind, according to the OECD.
The pending arrival of vaccines has brought "hope for a brighter future," the OECD says. Here, workers from the Red Cross and the Federal Agency for Technical Relief help set up a center for COVID-19 vaccinations in a gymnasium in Eschwege, Germany.

New coronavirus vaccines will help the world's economy bounce back in 2021, but the gains will depend on how the vaccines are distributed, among other factors, the Organisation for Economic Co-operation and Development says.

In its new projection, the group says global GDP should rise by 4.2% next year, after falling 4.2% in 2020.

"The recovery would be stronger if.

You’re reading a preview, subscribe to read more.

More from NPR

NPR11 min read
Kenya's Samburu Boys Share A Sacred Bond. Why One Teen Broke With The Brotherhood
After initiation rites – including circumcision – the boys leave their families to take charge of the herds, driving them high into the mountains. It's a way of life that climate change is testing.
NPR2 min read
Short-term Loss For Long-term Gain? The Ethical Dilemma At The Heart Of EVs
As mines meet mineral demands for electric vehicles, they put communities and ecosystems at risk. Sustainability researcher Elsa Dominish says the EV industry cannot repeat fossil fuel's mistakes.
NPR5 min readWorld
Putin Replaces His Defense Minister As He Starts His 5th Term In Office
Putin proposed Andrei Belousov, who until recently served as the first deputy prime minister, to replace Sergei Shoigu in a Cabinet shakeup.

Related Books & Audiobooks