Race between vaccine and virus will shape Middle East’s recovery in 2021, IMF says
IMF growth estimates for 2020 have been revised up due to a stronger-than-expected performance of oil exporters and the absence of a second Covid-19 wave in some countries
04 February 2021 - 13:15
Dubai — The Middle East will see an uneven economic recovery from the Covid-19 pandemic, an International Monetary Fund (IMF) official said, as countries move at different speeds to secure vaccines and fiscal policy responses differ across the region.
Oil-rich Gulf Cooperation Council countries have secured bilateral agreements with several vaccine providers, but fragile and conflict-afflicted states with limited healthcare capacities rely on the limited coverage of the World Health Organisation's (WHO) Covax initiative, which could delay broad vaccine availability to the second half of 2022...
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