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A slow vaccination against the Corona virus will cost the global economy more than 2 trillion dollars

2021-08-25T07:12:48.248Z


Paris, SANA- A new study published today showed that the slowdown in the vaccination campaign against the Corona virus may lead to...


Paris-Sana

A new study published today showed that the slowdown in the vaccination campaign against the Corona virus could lead to a loss of 2.3 trillion dollars in global GDP over the next three years.

And the Agence France-Presse quoted a study conducted by the think tank (The Economist Intelligence Unit) as saying that countries that will have vaccinated less than 60 percent of their population by mid-2022 will record a total loss in GDP of $ 2,300 billion between 2022 and 2025. The annual GDP of a country like France.

The study pointed out that two-thirds of these losses will be incurred by countries with emerging economies, which will lead to a delay in their economic catch-up with more advanced countries, an increase in poverty and the risk of social unrest in them.

The study indicated that inequality in access to vaccines will, in turn, delay the economic recovery of poor countries, which will take much longer than rich countries to return to pre-pandemic levels.

According to the study, by the end of August, about 60 percent of the population of the world's richest countries will have received at least one dose of a vaccine against the Covid-19 virus, compared to only 1 percent of the population of poor countries.

The study was conducted in nearly 200 countries by reviewing schedules of prospective vaccination campaigns and projections of changes in GDP.

Source: sena

All business articles on 2021-08-25

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