Coronavirus Vaccine will Support the World Economy

Coronavirus Vaccine will Support the World Economy The coronavirus vaccine will support the world economy. Positive developments and widespread use of the coronavirus vaccine can greatly contribute to the world economy. In an optimistic scenario, the vaccine could provide $ 3.2 trillion in support to the world economy by 2021. The good news about the vaccine developed for use in the treatment of coronavirus also increases the hopes of action in the world economy. According to Bloomberg's analysis, the use of vaccines can support the growth of countries that make up about half of the global population and 60 percent of production in the coming months. According to the analysis conducted by Bloomberg, the spread of vaccine use could lead to the growth of countries that make up about half of the global population and 60 percent of production in the coming months. In an optimistic scenario, the widespread use and effectiveness of the vaccine could contribute 3.7 percent ($ 3.2 trillion) to world GDP next year, thereby closing the gap significantly with the pre-epidemic period. The economies of 16 developed and developing countries, which account for more than half of the global GDP and about a third of the world's population, have ordered sufficient doses of vaccines. According to the expectations of economists, production in these economies decreased by an average of 6 percent compared to the period before the epidemic in the last quarter of this year. The widespread use of the vaccine may allow this gap to close, and global GDP may increase by 3.2 percent. 11 other countries, most of which are developing countries, which make up 9 percent of the global national income and 15 percent of the population, ordered sufficient vaccines. The economies of these countries may also approach pre-epidemic levels. The 75 percent gap in GDP with the pre-epidemic period may close significantly, resulting in a 0.5 percent increase in global GDP. Although the coronavirus vaccine has caused optimism towards global economies, the epidemic has dealt some blows to the economy, such as company bankruptcies and losses in the employment market. This is seen as an obstacle to the recovery in economies in the short term.