Economic costs of inequitable vaccine distribution across the world
“ No man is an island entire of itself; every man is a piece of the continent, a part of the main; if a clod be washed away by the sea, Europe is the less, as well as if a promontory were, as well as any manner of thy friends or of thine own were; any man's death diminishes me, because I am involved in mankind. And therefore never send to know for whom the bell tolls; it tolls for thee.” John Donne The COVID-19 pandemic had a drastic impact in 2020. Based on the update to the IMF’s October 2020 forecasts (IMF 2021), the world economy is expected to have contracted by 3.5% in 2020. In...
Source: voxeu.org