The OECD revised its 2021 global growth projection to 5.6% from 4.2% as vaccine rollout is gaining momentum and government stimulus, particularly in the US, is likely to provide a major boost to economic activity. The US economy is seen growing 6.5% in 2021, higher than 3.2% in the previous outlook while the Chinese economy is seen expanding 7.8%, slightly less than 8% earlier. The Eurozone should expand 3.9%, up from 3.6%, mostly due to upward revisions to Germany and Spain while France and Italy are likely to grow less. Elsewhere, 2021 growth figures were also revised higher for the UK (to 5.1% from 4.2%), Canada (to 4.7% from 3.5%) and Mexico (to 4.5% from 3.6%). Growth projections for 2022 were revised higher to 4% from an estimate of 3.7%, with the US economy seen growing 4% next year, China 4.9%, the UK 4.7% and Germany 3.7%.