India's GDP to grow 12.6% in FY22, highest among G20 countries: OECD

OECD hikes 2021 global growth forecast to 5.6% from 4.2%; OECD doubles US growth forecast to 6.5% on stimulus

The global economic outlook has brightened as COVID-19 vaccine rollouts speed up in some countries and the United States launches a vast new stimulus package, the OECD said on Tuesday, hiking its forecasts.

The world economy is set to rebound this year with 5.6% growth and expand 4.0% next year, the Organisation for Economic Cooperation and Development said in its interim economic outlook.

That marked a sharp increase from its last outlook in early December, when the Paris-based policy forum forecast global growth of 4.2% this year and 3.7% next year.

But significant risks loom over the improved outlook,