2021 OECD Economic Outlook, Volume 2021 Issue 2

image of OECD Economic Outlook, Volume 2021 Issue 2

The global recovery from the COVID-19 pandemic is uneven and becoming imbalanced. The OECD Economic Outlook, Volume 2021 Issue 2, highlights the continued benefits of vaccinations and strong policy support for the global economy, but also points to the risks and policy challenges arising from supply constraints and rising inflation pressures.

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


After a strong rebound during the first half of the year, GDP has surpassed its pre-pandemic level and is expected to grow by 5.3% in 2021. This momentum should continue with GDP growth projected to reach 5.2% in 2022, before easing to 3.3% in 2023. Consumption and investment will drive the recovery, with a sustained withdrawal of savings and the disbursement of EU funds significantly contributing to growth. However, an expanding economy and a tighter labour market will result in diminishing spare capacity, leading existing inflationary pressure to increase further.

English Also available in: French



This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error