Vaccine inequality could cost the global economy trillions, report finds

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A woman reacts as she gets inoculated with a dose of the Covishield vaccine against Covid-19 at a vaccination center in Mumbai on August 12, 2021.PUNIT PARANJPE | AFP | Getty ImagesThe world economy is set to lose trillions in GDP because of delayed vaccination timelines, with developing economies bearing most of the losses due to the uneven rollout, the Economist Intelligence Unit said in a report.Countries that are not able to inoculate 60% of their population by mid-2022 will lose $2.3 trillion between 2022 and 2025, the EIU predicted."Emerging countries will shoulder around two-thirds of these losses, further delaying their economic convergence with more developed countries," wrote Agathe Demarais, the EIU's global forecasting director.There is little chance that the divide over access to vaccines will ever be bridged.Agathe DemaraisEconomist Intelligence Unit global forecasting directorAsia will be "by far the most severely affected continent" in absolute terms, with los
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