$9 trillion: The potential income boost from coronavirus vaccine




Strong international cooperation on coronavirus vaccines could speed up the world economic recovery and add $9 trillion to global income by 2025, said International Monetary Fund Managing Director Kristalina Georgieva.

Speaking at a news conference after a meeting of the IMF’s steering committee, Georgieva also called on the United States and China to keep up strong their economic stimulus measures that could help boost a global recovery.

She emphasized the need for vaccines to be distributed evenly across the world in developing countries and wealthy nations, to boost confidence in travel, investment, trade and other activities.

“If we may make fast progress everywhere, we could speed up the recovery. And we can add almost $9 trillion to global income by 2025, and that, in turn, could help narrow the income gap between richer and poorer nations,” Georgieva said.

To read the full article, click here