Forecast: Global economy rebounding, faces multiple threats

FRANKFURT, Germany (AP) — The global economic recovery from the pandemic faces multiple headwinds, including lack of vaccines in poorer countries. That’s according to the Organization for Economic Cooperation and Development. The OECD said there will be a strong rebound this year and raised its forecast . The Paris-based organization now foresees growth of 5.8% after last year’s steep downturn. Most of the world should reach pre-pandemic levels by the end of 2022. U.S. relief programs and government spending have played a role in getting growth going again. But the global economy remains under threat from new variants and outbreaks in countries that don’t have enough vaccines.