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PIMFA WEEKLY NEWS BULLETIN | 15 March 2021 Dear Nigel,
Welcome to the PIMFA Bulletin; grab a coffee and take 10 minutes to read this week's latest industry news impacting you and your firm.
OECD Economic Forecast, March 2021
According to the Organization for Economic Cooperation and Development’s latest economic forecast, activity in many sectors has picked up and partially adapted to pandemic restrictions. Vaccine rollout, although uneven, is gaining momentum and government stimulus is likely to provide a major boost to economic activity. But prospects for sustainable growth vary widely between countries and sectors. Faster and more effective vaccination deployment across the world is critical.
Global GDP growth is now projected to be 5.6% this year, an upward revision of more than 1% from the December OECD Economic Outlook. World output is expected to reach prepandemic levels by mid-2021 but much will depend on the race between vaccines and emerging variants of the virus.
The OECD advises governments to speed up implementation of new spending plans to boost growth and jobs, help businesses adapt to a digital future and invest in cleaner