Coronavirus vaccine rollouts and a huge US stimulus package have boosted economic growth expectations.
The Organization for Economic Cooperation and Development (OECD) has lifted its 2021 global growth forecast to 5.6%.
The deployment of coronavirus vaccines and a huge US stimulus program have greatly improved the world's economic prospects.
Tuesday's figure is an increase of 1.4% from the Paris-based organization's December forecast, and welcome news for the world economy. It plunged into recession last year, when governments introduced restrictions to curb the coronavirus pandemic.
The report analyzed data from across the OECD's 36 wealthiest member states. During the presentation of its report, the OECD said:
Germany's gross domestic product (GDP) is expected to grow by 3%, the report said. France's growth is forecast to be greater than Germany's, at 5.9% this year.
Chief economist Laurence Boone said the top priority should now be to produce coronavirus vaccines. She warned delays and further coronavirus mutations that defy treatment could weaken the expected recovery.
Fully deploying vaccines "throughout the world" as quickly as possible would "save lives, preserve incomes and limit the adverse impact of containment measures on well-being,'' the report said.
kmm/rt (AP, dpa)