Rapid progress has been made, but the rise of variants threatens the pace of the economic recovery. It exposes the fragility of the world’s prosperity – and underscores the need to build a more resilient and more sustainable model of growth and development.
A more effective, more co-ordinated and more equitable worldwide vaccination effort is the vital first step.
We are in a race to vaccinate. Here are our key take-aways.
No one is safe until everyone is safe
Ending this pandemic is a collective challenge that requires an equitable distribution of vaccines among and within countries.
Failing to do so will imperil the global inoculation drive and will threaten economic recovery worldwide.
Vaccine equity is both fair and efficient: all countries and regions will stand to gain from a stronger, faster global economic recovery. It is in everyone’s interest.
Speeding up vaccine production and rollout is the best economic policy available today to boost growth and job creation.
Growth is contingent on the evolution of the pandemic and the impact of the new variants of the virus, the effectiveness of health policies, vaccination distribution and continued government support to still deeply affected firms, workers and households.