Vaccine Inequality will Delete $2.3 Trillion from the World’s GDP by 2025
Business ı By Rochdi Rais
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The race between wealthy and developing nations
For now, rich countries are ahead of everyone in the Covid-19 inoculation race. Furthermore, wealthy nations are moving toward booster doses consequently leading to the reopening of their economies. However, poor developing countries are nowhere close to that yet. For instance, over 5 billion doses of vaccines have been given to people across the globe as of late august. Of these 5 billion doses, only 15.02 million were in low-income countries according to Our World in Data. “Vaccination campaigns are progressing at a glacial pace in lower-income economies,” the EIU report said. In conclusion, the report said that vaccine inequity rose because of the global shortage in vaccines as well as production capacity and vaccine raw materials. The logistics difficulties in the transportation of vaccines have also contributed to the large gap between wealthy and developing countries.
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