The COVID-19 pandemic has been a global health tragedy. Yet as the world inches towards the end of the health crisis, another injury threatens to leave a more enduring scar: that of entrenched economic insecurity. The 2020 round of the OECD Risks that Matter survey presents a stark picture of economic disruption and rising worries about health and financial security across 25 OECD countries. Despite massive government investments in social protection during the pandemic, people in most OECD countries are looking for more public support to lift them out of the crisis – and many report a willingness to pay more in taxes in order to fund better health, pensions, employment and long-term care programmes.
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Health sector tipped to outperform in 2021 Nicki Bourlioufas | 14 Dec 2020Text size
Healthcare stocks could outperform in 2021 as vaccines start to roll out globally, with huge increases in government spending expected to support demand for healthcare over the longer term.
This is despite a drop in healthcare spending this year after COVID-19 caused the postponement of non-urgent care in many nations.
Spending on healthcare has been falling in some countries during the pandemic, according to a report from the Economist Intelligence Unit. But a recovery is expected to gather pace in 2021.
“The battle against the novel coronavirus (COVID-19) has led to a sharp drop in spending on other conditions, with non-urgent care cancelled and patients avoiding hospitals and clinics,” said