How can we close inequality gaps in the global COVID-19 recovery?

Jul 28, 2021

a healthcare worker prepares a dose of China's Sinovac Biotech vaccine against the coronavirus disease (COVID-19) during a mass vaccination program at a train station

A significantly more modest recovery from COVID-19 has been predicted in emerging market and developing economies. Image: REUTERS/Ajeng Dinar Ulfiana

Gita Gopinath

First Deputy Managing Director, International Monetary Fund (IMF)

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Pandemic Preparedness and Response

these graphs are showing that the divergence between countries is deepening, driven by differences in vaccine availability and policy support

The gap is increasing. Image: IMF

this graph shows that close to 40% of the population in advanced economies have been fully vaccinated, compared to 11% in emerging market economies and just 1% in low-income developing countries

Lack of access to vaccines has lead to downgrades. Image: IMF

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this graph shows that while fiscal support in advanced economies continues, most measures in emerging markets and developing countries expired in 2022

Most people in developing countries are no longer receiving financial support after COVID-19. Image: IMF

graphs showing that pent-up demand and supply chain bottlenecks are putting upward pressure on prices, but inflation is expected to subside to pre-pandemic levels in most advanced economies

Some economies are facing inflation concerns. Image: IMF

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How has the Forum navigated the global response to COVID-19?

this chart shows the latest World Economic Outlook Update projections

The changes experts are expecting to see. Image: IMF

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