Economy
Economies Need More Than Vaccines to Recover From the Pandemic
Even some countries with high immunization rates haven’t made up for the damage done by lockdowns and disease.
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The path out of the pandemic continues to defy straight-line forecasts. The hope was that getting the virus under control by vaccinating a large percentage of the population would turbocharge an economic recovery. Now we know it’s not that simple. As the chart below shows, countries with pre-pandemic challenges haven’t escaped them.
And while the trade of goods has surged to new heights, the delta variant delivered a fresh blow to service industries, particularly tourism.