The Organization for Economic Cooperation and Development (O.E.C.D.) published its Economic Outlook Interim Report stating that a global economic recovery from the pandemic was finally taking hold, but it inched back its forecast for worldwide economic growth and warned that the rebound was benefiting wealthier countries more than the developing world as vaccine distribution occurs at an uneven pace. Countries that have made big strides toward vaccinating most of their populations are bouncing back much more quickly than those that are still struggling to obtain shots, the O.E.C.D. said, raising a host of related economic problems that are affecting global supply chains and pose a risk for the future.
Laurence Boone, the organization’s chief economist: “If we continue to vaccinate and adapt better to living with the virus, supply will begin to normalize and this pressure will fade, but for that we have to vaccinate more people.”