Commissioner Virginijus Sinkevicius, on behalf of the EU, has joined a high ambition 'Accelerator Partnership' to support the future implementation of the Global Biodiversity Framework (GBF) under negotiations at COP15 in Canada's Montreal.In .
One More Vaccine Side Effect: Global Economic Inequality forbesindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbesindia.com Daily Mail and Mail on Sunday newspapers.
In the wealthy nations that have secured access to vaccines, relief from the economic disaster brought on by the public health emergency is underway. The restrictions that have shut down businesses could be lifted, bringing meaningful economic benefits as soon as March or April.
For the moment, the picture is bleak. The United States, the world’s largest economy, has suffered death tolls equivalent to a 9/11 every day, making a return to normalcy appear distant. Major economies like Britain, France and Germany are under fresh lockdowns as the virus maintains momentum.
But after contracting 4.2% this year, the global economy appears set to expand by 5.2% next year, according to Oxford Economics. That forecast assumes annual growth of 4.2% in the United States and a 7.8% expansion in China, the world’s second-largest economy, where government action has controlled the virus.