The UK economy's recovery from Covid will be stronger than previously forecast, industry insiders have said.
The Organisation for Economic Co-operation and Development (OECD) said the UK is likely to grow 7.2% in 2021, up from its March projection of 5.1%.
The OECD raised its forecast for global growth to 5.8%, compared with the 4.2% it predicted in December.
The UK's growth is set to be the fastest among the large rich countries, it said, owed largely to the vaccination programme.
UK Chancellor Rishi Sunak attributed the strength of the forecast to the success of the UK's inoculation target and the government's Plan for Jobs scheme for those who have been pushed out of their careers by Covid.
However, he cautioned that with debt at nearly 100% of GDP, there was a need to "ensure public finances remain on a sure footing".
The OECD said economic recovery had returned to pre-pandemic levels in large parts of the world – but it said some countries are lagging behind the 2022 target.
The organisation praised stimulus measures and vaccine targets for boosting growth, but said the slow jab distribution in many developing countries threatened to blight their economic progress.
It said the recovery would remain uneven and vulnerable to fresh setbacks as long as a large proportion of the world's population were not vaccinated.
Global growth will be led by a strong upturn in the US, where GDP is forecast to reach 6.9% this year, before easing to 3.6% in 2022, the OECD added.
