Friday, 27th May 2022
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OECD: Global GDP to return to pre-pandemic levels in 2021

The world economy will make a spectacular comeback aided by vaccine rollouts and government support, the OECD says. But by then, the pandemic will have dealt some painful, enduring blows in many countries.

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Amsterdam Dance Event (ADE) has started hosting its five-day dance music festival after the Dutch government lifted restrictions on the entertainment sector, as well as clubs and bars. The event has been scaled down compared to previous years, while measures are in place to prevent the spread of Covid-19, including on-site testing.
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Romania is getting crushed by one of the worst coronavirus waves in Europe. Vaccine skepticism and inaction on the part of the president, the administration and authorities are largely to blame.
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5 Nov 2021
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8 Nov 2021
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19 Nov 2021
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The French government's strong and swift response to the Covid-19 pandemic has won praise from the Organisation for Economic Co-operation and Development in its latest report. But the OECD is also warning of risks from debt and high public spending. For more, Stephen Carroll speaks to OECD Secretary-General Mathias Cormann.
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International travel picked up over the summer, but Covid-19 is still expected to cost the global tourism industry some €1.8 trillion in 2021. Also, French finance minister Bruno Le Maire remains optimistic about the recovery despite concerns over the Omicron variant, and farmers in India continue their protest movement despite concessions from the government.
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The OECD says recovery is being held back by supply bottlenecks and labor shortages. Calling for swifter vaccinations, it warns growth could be further derailed by new variant omicron.