The OECD pointed out that the U.S. economy will grow by 6.5% and 4% respectively this year and next, which is higher than its forecast of 3.2% and 3.5% in December last year. China's GDP grew by 7.8%, which is 0.2 percentage points lower than the forecast in December last year, and next year's GDP will grow by 4.9%.
In the Eurozone, GDP growth this year is expected to be 3.9%, an increase of 0.3 percentage points from last December’s forecast; next year’s GDP growth is 3.8%, which is an increase of 0.5 percentage points from last December’s forecast.
The OECD pointed out that with the acceleration of vaccination and the launch of a huge new stimulus plan by the United States, the global economic outlook has become brighter. The US stimulus package may increase economic output by about 3% to 4% in the first full year, and the US stimulus package will add 2.25 million to 3 million jobs by the end of 2021.
At the same time, the US stimulus package may increase the economic output of Canada and Mexico by 0.5 to 1 percentage point, and increase the economic output of the Eurozone and China by 0.25 to 0.5 percentage point.
(Source: Hong Kong Economic Journal)
