Economic costs require that the whole world be vaccinated as quickly as possible

The world economy is recovering from the crisis caused by Covid-19. But until the pandemic is brought under control, that crisis will not have left for all. Because the coronary knows no boundaries, he cannot be controlled anywhere unless he is everywhere under control. The alternative is for us to stay within “national prisons” indefinitely. Sadly, this is what we are at risk if leaders do not look beyond their countries.

In updated global economy forecast, the IMF predicted global economic growth for this year will be 5.5 percent, and 4.2 percent in 2022. Moreover, the IMF's “forecast for this year has been revised by 0.3 points compared to earlier projected”.

Global contraction in 2020, thought to have been 0.9 percentage points less than expected

Earlier. However, it was the worst recession since World War II, and it brought particularly devastating effects on women, young people, poor people, employed in black, and working in sectors where there is intense contact.

Loss of pre - pandemic predictions are great, and they are likely to remain permanent. They will result in a form of “-long economic framework”. As the World Bank's Global Economic Perspective report notes, this is partly due to the damage done to human investments and capital.

But also because of the combination of pre-existing economic weaknesses with the growth of fragility, especially the enormous increase in public debt. A precondition for limiting the long-term economic and social damage is the deployment of Coddy-19.

Only then can we hope to return to normal life. In fact, no event since World War II has better demonstrated the limits of national autonomy. A recent study published by the National Bureau of Economic Research argues that “up to 49 percent of global economic costs due to pandemic in 2021” will be faced by advanced economies, even if they manage to vaccinate all their citizens.

And this is because of the production and trade networks that connect countries together. No economy is a lonely island. As the World Health Organization general director Tedros Adhanom Ghebresesus“The nationalism of vaccines harms that everyone does not and protects anyone”.

Furthermore, the costs of an internal policy on “are being said to a single country”,

They are not just economics. Such an approach also means long-term restrictions on cross-border travel for all purposes. And more important, it increases the epidemiological risk.

The more common the virus, the greater the likelihood of harmful mutations. And already showing such mutations suggests the need for a long-term effort to adapt vaccines, in addition to developing better treatments.

It's increasingly clear that the David-19 pandemic will be a long-term burden on

The world. But it must also be the global division of this burden. But a quick look at global levels of vaculation shows that there is a race for instead

vaccinated local populations, with rich countries leading the process.

Among the big rich countries, the first is currently Great Britain, with 19.2 doses per 100 inhabitants. Meanwhile, the global vaccination figure is only 1.7 doses per 100 inhabitants. This outcome may have been inevitable, in terms of major political pressures. Although many analysts and experts argue, it would be better to vaccinate the most endangered and important workers everywhere before moving to less endangered.

However, what was not inevitable was the subfinance of the effort to produce and distribute vaccines worldwide. COVAX-nisma for making and distributing vaccines worldwide hopes to distribute 2.3 billion doses this year.

But even that would cover only about one fifth of the population that it intends to vaccinate, very little to achieve the flock's immunity. Meanwhile, the supplies planned for this year are also being accompanied by delays. Most of the vaccines now needed will be ready in 2022 and 2023.

So too late. In fact, since next year, it can be vital that early recipients be reevaluated, with modified vaccines adapted to mutations. Money here is an essential element. At the end of last year, COVAX had only $2.4 billion available.

On the basis of promises made to poor countries, she needs another $2 billion to pay for the doses to be distributed this year. In all, the vaccination campaign will cost probably $35 billion or more, due to the potential need for regular reexamination.

It will cost even more if an effort is made to accelerate the production and distribution of vaccines this year. Furthermore, ACT Accelerator, part of which is COVAX, has a $27.2 billion funding gap, and it will still need it.

More money in the future.

According to the IMF, advanced economies have already announced $5.6 trillion additional expenditures in response to the crisis that has caused Coddy-19. And that's just part of the total cost. The money needed today is only 0.5 percent of that amount.

But even if the amount needed to accelerate the production and distribution of vaccines for global use was $100 billion, it would be wrong to compare with the fiscal costs of pandemic, then leave it with health and other costs. Scientists have performed miracles with vaccines.

Now it's the world leaders' turn to start being solid. They have to do “whatever it takes to finance accelerated production and distribution of vaccines, and if it's necessary even modified vaccines.

That's the only way we could get back to the normality we had until a year ago. Nothing should be allowed to prevent this process. This is a global war and we're not winning it yet. From tomorrow, this approach has to change. Martin Wolfe.