As the number of vaccinated people increases, so does optimism about the economic recovery. But despite the general positive trends, the defining characteristic of the recovery will be its unevenness. The success or failure of the recovery in a given country depends on the government’s vaccination program and public health policies, according to the Organization for Economic Cooperation and Development. Other key factors include the degree of state support for businesses and workers as well as the country’s dependence on trade – both of goods and services.
With this in mind, estimates suggest the quickest rebounds will be seen in those countries that have better health infrastructure and plenty of fiscal space, which is to say the developed economies. Globally, inequality is likely to worsen, with emerging market countries left behind.