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Pandexit needs more than shots
published : 27 Jul 2021 at 04:00
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The world entered the Covid-19 crisis suddenly and as one. Exiting the pandemic is proving slower and more staggered. The economic recovery is uneven, and vaccination is crucial to pandexit .
More vaccination means fewer infections, more easing of restrictions and more economic growth, as the BIS outlines in its Annual Economic Report 2021. But vaccination alone may not suffice. Better Covid-19 treatment options could complement vaccination, and in turn open up economies faster, support jobs and boost global growth.
The global recovery is proceeding at multiple speeds, and this is likely to continue. The US and China are in the lead, followed by a number of advanced economies. The rebound in these countries has been stronger than expected.