Economic scenario - Government spending

Economic analysis for the market of chemicals and raw materials

Economic scenario - Government spending

Economic analysis for the market of chemicals and raw materials

OCTOBER 2021

Government spending

Although national restrictions to fight the COVID-19 pandemic crisis were progressively lifted in the first half of the year, government spending in most selected countries remains high to support the transition of economic activity towards normalcy. Among OECD countries, the average government spending grew by 1.32 percent relative to 2021-Q1 and is 5.87 percent higher compared to the same period of 2020.

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