The global economy won't recover if we don't get vaccines to developing countries, too
The world continues to climb back from the worst recession in peacetime since the Great Depression.
The International Monetary Fund recently projected global GDP growth at 5.5% this year and 4.2% in 2022. But it is going to be a long and uncertain ascent. Most of the world is facing a slow rollout of vaccines even as new virus mutations are spreading — and the prospects for recovery are diverging dangerously across countries and regions.
Indeed, the global economy is at a fork in the road. The question is: Will policymakers take action to prevent this Great Divergence?
As our note to the recent G20 meeting of finance ministers and central bank governors points out, there is a major risk that as advanced economies and a few emerging markets recover faster, most developing countries will languish for years to come.… Seguir leyendo »
