The Director-General of the World Health Organization (WHO) Ghebreyesus gave a speech at a press conference held at WHO headquarters in Geneva on December 20, 2021.
Fabrice Cofrini | AFP | Getty Images
The World Health Organization warned on Thursday that the uneven distribution of global vaccines has led to the emergence of new variants, such as omicron, threatening global economic recovery.
WHO Director-General Tedros Adhanom Ghebreyesus said in an update of the new crown pneumonia epidemic at the organization’s headquarters in Geneva: “Vaccine unfairness is a killer of humans and jobs. It destroys the world. Economic recovery.”
Tan Desai said that world leaders cannot work together to increase vaccine coverage in poor countries with underdeveloped health systems. This is one of the biggest failures in 2021. Low vaccine coverage in many countries is the result of delta and omega, Tan Desai said. Delta was first discovered in India at the end of 2020, and omicron was first discovered by health officials in Southern Africa in November.
WHO has set a goal of vaccinating 40% of the population of every country in the world by the end of 2021. However, according to WHO, even though 9 billion vaccines have been vaccinated globally, 92 countries still failed to achieve this goal.
The WHO has set a goal to vaccinate 70% of the world’s population by the middle of this year.
Tedros said: “Global leaders who have shown this determination to protect their own people will expand this determination to ensure the safety and protection of the entire world.” “Unless we do, this pandemic will not Finish.”
Due to the emergence of the omicron variant, the International Monetary Fund is expected to lower its global growth forecast. The International Monetary Fund postponed the release of its World Economic Outlook to the end of January to consider the impact of European and American light.
IMF President Kristalina Georgieva told Reuters at a virtual conference last month: “A new variant that may spread quickly may weaken confidence. In this sense, we may see By the time our October global growth forecast has been revised down.”
The IMF predicted in October that the global economy will grow by 5.9% and 4.9% in 2021 and 2022, respectively. The organization warned at the time that the emergence of new variants increased uncertainty.
The International Monetary Fund predicts that, compared with current forecasts, the epidemic may reduce global GDP by 5.3 trillion U.S. dollars in the next five years. It called on world leaders to take more measures to increase vaccine coverage in low-income countries.
Federal Reserve Chairman Jerome Powell said last month that omicron poses a risk to US economic growth, but he pointed out that there are still many unknowns about how the variant will affect public health and the economy.
Powell said that the impact of omicron will depend on how well it suppresses demand. The Fed Chairman said that it is not clear how this variant will affect inflation, employment and economic growth.
“The more people who get vaccinated, the smaller the impact on the economy,” Powell said in a press conference after the Fed’s December meeting. “This does not mean that it will not have an economic impact,” he said.
Powell said that during a wave of infections in the fall, the delta variant slowed hiring and damaged the global supply chain.
Huw Pill, chief economist at the Bank of England, told CNBC last month that omicron poses a “two-sided” risk.
“Omicron brings new uncertainty to our assessment of the overall economy, inflation prospects and labor market development,” Pill told CNBC’s “European Street Sign.”