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2021 OECD Economic Outlook, Volume 2021 Issue 1

image of OECD Economic Outlook, Volume 2021 Issue 1

The COVID-19 pandemic continues to cast a long shadow over the world’s economies. The OECD Economic Outlook, Volume 2021 Issue 1, highlights the improved prospects for the global economy due to vaccinations and stronger policy support, but also points to uneven progress across countries and key risks and challenges in maintaining and strengthening the recovery.

This issue includes a general assessment of the macroeconomic situation, and a chapter summarising developments and providing projections for each individual country. Coverage is provided for all OECD members as well as for selected partner economies.

English Also available in: French

Belgium

After the severe contraction in 2020, GDP is projected to expand by 4.7% in 2021 and 3.5% in 2022. As the vaccination campaign accelerates, uncertainties about the epidemic situation are expected to recede. Along with improved global economic prospects, business investment is set to be unleashed and pent‑up demand is expected to boost household consumption. The recovery should gather pace, with GDP surpassing the pre-crisis level towards mid-2022.

English Also available in: French

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