Actually, I have written about the importance of looking at the right numbers versus the wrong ones. (Earlier article here) We need to so that we can live with Covid-19 and not trying to stay away which no country has been able to until today, not even the ones who seemed to have it under control and today is struggling to contain it. Worse still, they were not prepared and vaccination numbers remain very low. Now, these countries are scrambling to get the doses.
Coming back to today’s topic. When you are vaccinated, your economy grows faster. International Monetary Fund (IMF) did not use these exact words but this was the conclusion I get from IMF’s latest economic forecast.
Do refer to the full article in thewallstreetjournal.com here. IMF says that the economic outlook for economies depends largely on how well they are rolling out Covid-19 vaccinations. Economic prospects are improving for advanced economies, where nearly 40% of the population has been vaccinated, despite challenges from new variants of the coronavirus.
However, at the same time, far lower vaccination rates have left emerging and developing economies more vulnerable to additional waves of the pandemic and the associated economic fallout. It said, “Vaccine access has emerged as the principal fault line along which the global recovery splits into two blocs.” Please do read the full article in thewallstreetjournal.com here.
Why vaccination is the key?
Singapore announced that they will treat Covid-19 not as a pandemic but as endemic and they are taking pro-active steps. Read about it here in StraitsTimes. Briefly, it meant that the Singapore government already knows that Covid-19 will be around for much longer time than what we ever anticipated. Thus, it’s important to take steps to live with it and not staying away from it.
Pandemic of the unvaccinated
Over 99% of all deaths in the US in June 2021 from patients with Covid-19 infections were those without any Covid-19 vaccination. Majority of everyone admitted into hospitals for Covid-19 across different countries are for people who were not vaccinated. In fact, even ONE dose out of two would provide many times higher protection versus the ones unvaccinated. Two doses would mean the threat of hospitalisation has been reduced to a minimum. Just google for many articles on this yeah. One of it is here.
Living with it and moving forward
Once vaccinations cover the majority of populations, even when people re infected, the number of the ones needing hospitalisation drops tremendously, the number of deaths too. In other words, we can continue to reopen all sectors because it’s under control versus hospitals being stretched to its limits and number of deaths kept increasing in tandem with the number of new infections. Just look at the below latest numbers and you can see why I say so. Cases remain high but for countries with high vaccinations, death numbers have reduced tremendously.
I do think IMF’s assessment is correct. At the same time, I think it’s time all these richer nations do more for the world. Frankly, why do you need to keep so much COVID-19 stocks in your country? Donate them and do it earlier please. Thank you.
Next suggested article: Economy Malaysia? Latest review.