Vaccination rate differential poses threat to global economy

The outbreak of the new Omicron variant in Southern Africa has not only seen global stock markets fall and flights suspended from that region into many countries.

It has also refocused attention on the issue of the lower vaccination rates in different parts of the world. South Africa’s is around 27 percent, and other countries among the nine affected have considerably lower rates. Around 80 percent of the eligible population in Advanced Economies will be double vaccinated around the end of this year, based on current rates. By mid-2022 these populations will be close to be fully vaccinated. For the Developing World, these 80 percent and full double v...

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Authors: Brendan Rynne

Published Date: 30 November 2021