The Economist (EIU)
August 25, 2021
Rich countries have administered 100 times as many coronavirus vaccines as poorer economies.
Beyond ethical concerns, delays in inoculating the world will come with a high price tag.
A model built by The Economist Intelligence Unit shows that those countries that will not have vaccinated 60% of their population by mid-2022 will register GDP losses totalling US$2.3trn by 2025.
Unsurprisingly, emerging countries will shoulder around two-thirds of these losses, further delaying their economic convergence towards advanced economies.
In addition to these costs, vaccine inequity will also have huge political, social and geopolitical consequences.
Governments need to reconsider their long-term Covid strategies
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