However, it appears less optimistic for 2021, forecasting a rebound of 5% against 5.2% previously. “The outlook for economic growth will depend on various factors such as the likelihood of new waves of infections and the effect it has on consumer and business confidence,” warns the OECD. “A third key factor will be the extent to which government initiatives to preserve jobs and help businesses stimulate demand,” she adds.

In France, the executive has chosen to favor a relaunch mainly through supply, focusing the recovery plan in particular on companies, via a reduction of 20 billion euros in production taxes. The country is expected to experience a plunge of 9.5% of its GDP in 2020, according to the OECD. A fall nevertheless less than the drop of 11.4% anticipated by the institution.

Read also – The recovery plan should create 160,000 jobs, not 200,000

“A stronger resurgence of the pandemic or tighter containment measures could cut 2 to 3 percentage points from the global growth rate in 2021, which would tranhooly-news.com into even higher unemployment and a prolonged period of sluggishness investment “, warns the OECD.

The organization calls on States to continue their support for the economy, via more targeted financial aid “sufficiently flexible” to adapt to changing economic and health conditions. “It is important that the authorities avoid making the mistake of tightening fiscal policy too quickly, as happened after the last financial crisis,” said Laurence Boone, the chief economist of the OECD.

Here are the 7 countries within the G20 that are expected to experience the strongest rebound in their economy in 2021, according to the latest OECD forecasts:

7. Germany – a rebound of 4.6% of GDP in 2021, after a drop of 5.4% in 20206. Indonesia – 5.3%, after a decline

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“data-reactid =” 27 “>Transavia will open 5 domestic lines from November
Singapore Airlines to offer ‘flights to nowhere’ that take off and land at the same airport
UFC-Que Choisir opposes food advertising for children promoting obesity
Ikea partners with Asus to launch gaming accessories and furniture
Auchan wants to go from 5 to 300 pedestrian drives in 2021