The $9.2 Trillion Price Tag for Failing to Vaccinate World
The global economy’s recovery risks being dampened or even derailed by the lag in coronavirus vaccinations for poorer nations relative to their wealthier peers.
Bloomberg’s Vaccine Tracker shows 4.54 million doses were given on average across the world each day over the last week, but it’s far from an even spread. The U.S. and U.K. make up about 40% of the 119.8 million doses administered globally.
Developing and emerging markets are, by and large, doing far less well. In Africa, only Egypt, Morocco, Seychelles and Guinea are recorded as having given any of the vaccines at all. Much of Central Asia and Central America has yet to begin vaccinating, or is moving slowly.
That means emerging economies risk falling further behind economically and limits room for rebound even in fully-inoculated countries by depriving them of demand for their goods and a supply of manufacturing parts. Worse still, not combating Covid-19 everywhere may mean harder-to-contain mutations of the virus generate fresh health and economic crises.
Read more: https://www.bloomberg.com/news/articles/2021-02-05/the-9-2-trillion-price-tag-for-failing-to-vaccinate-the-world
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