The slowdown in the Corona vaccination will cost the world economy $ 2.3 trillion in losses

One studio released today, Wednesday, showed that slowing the Covid-19 vaccination campaign could lead to a $ 2.3 trillion loss in global GDP over the next three years.

According to it studio conducted by the Economist Intelligence Unit research center, “countries that have vaccinated less than 60% of their population by mid-2022 will experience a total GDP loss of $ 2.3 trillion over the period 2022-2025”. gross domestic product of a large country like France.

The studio highlighted that two thirds of these losses will be borne by countries with emerging economies, which will lead to a delay in their economic recovery with the most advanced countries, and to an increase in poverty and the risk of unrest in they.

According to it studio, in the period 2022-2025, the countries of sub-Saharan Africa will lose 2.9% of their GDP, compared to previous expectations, due to the slowness of their vaccination campaigns, compared to a loss of just 0, 1% of GDP. in Eastern European countries.

In terms of size, it is studio predicted that the Asia-Pacific region would be hit hardest by slow vaccination campaigns, as it would lose $ 1.7 trillion in GDP over the period 2022-2025.

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

According to it studioBy the end of August, about 60 percent of people in the world’s richest countries had received at least one dose of the COVID-19 vaccine, compared to just 1 percent of people in poor countries.

Agathe Demareh, director of global perspectives at the think tank and author of the studio, said there is “little chance” that the vaccine access gap will be “closed” because “despite misleading press statements, donations from rich countries cover only a fraction of the needs.” “.

He added that the international “COFAX” initiative aimed at ensuring that poor countries have equal access to Covid-19 vaccines “has failed”, despite their “modest expectations” in first place.

The studio It was conducted in nearly 200 countries reviewing upcoming vaccination campaign programs and projections of GDP changes.

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