Global Vaccine Inequality

The 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. Around 5 billion doses of the vaccine have been administered globally since August 23, but only 15.02 million of those doses were in low-income countries. Countries that cannot inoculate 60% of their population by mid-2022 could lose $2.3 trillion between 2022 and 2025. Asia losses are projected to reach $1.7 trillion, or 1.3% of the region’s forecasted GDP. Countries in sub-Saharan Africa may lose around 3% of their forecasted GDP, the highest in percentage.