Search Results

You are looking at 1 - 10 of 108 items for :

  • "Delta variant" x
Clear All
International Monetary Fund. Research Dept.

The global economic recovery continues amid a resurging pandemic that poses unique policy challenges ( Figure 1.1 ). Vaccinations have proven effective at mitigating the adverse health impacts of COVID-19. However, unequal access to vaccines, vaccine hesitancy, and higher infectiousness have left many people still susceptible, providing fuel to the pandemic. The marked spread of the Delta variant and the threat of new variants that could undermine vaccine effectiveness make the future path of the pandemic highly uncertain. This has implications for the

International Monetary Fund. Asia and Pacific Dept

Australia has not been spared the economic fallout from the COVID-19 pandemic, experiencing the biggest global economic shock since the Great Depression. Australia has managed impressive health outcomes and provided crucial economic lifelines to households and businesses. A fast economic recovery followed the initial COVID-19 outbreaks, with employment and real GDP surpassing their pre-pandemic levels ahead of any other major advanced economy by 2021Q1. While the Delta variant created setbacks, the emergency economic support provided by the Government has

International Monetary Fund. Asia and Pacific Dept

Context and Recent Developments 1. After keeping COVID-19 at bay for a full year, an outbreak of the COVID Delta variant emerged in Fiji in April 2021 . While the outbreak was largely confined to one island, infection rates were at one point among the highest in the world. Contributions of AstraZeneca vaccine from Australia and New Zealand enabled an aggressive vaccination campaign. As of mid-October, more than 95 percent of eligible Fijians (those over 18) had received their first dose and 80 percent were fully vaccinated. Passing these milestones, the

International Monetary Fund

Introduction Against the backdrop of the uncertain course of the pandemic and unequal access to vaccines across countries, nimble and forceful fiscal policies remain crucial to contain the impact of the pandemic waves on families and businesses and to facilitate economic recovery and transformation. The Delta variant has been associated with a resurgence of the virus, but supportive fiscal policies and, especially in advanced economies, vaccination have fostered the resumption of growth in output and employment, and saved countless lives. Vaccination has

International Monetary Fund. European Dept.

Context and Recent Developments 1. The Covid-19 pandemic exacted a heavy economic and health toll in France but strong progress on vaccination has helped limit further damage . In early 2021, the authorities introduced a third partial lockdown to contain the third wave of infections. While a fourth wave of infections, linked to the spread of the Delta variant, did materialize, widespread inoculation ensured that fatalities remained low in contrast to previous waves. A fifth wave of infections is currently underway but there is uncertainty on its impact and

International Monetary Fund. Research Dept.

Abstract

The global recovery continues but the momentum has weakened, hobbled by the pandemic. Fueled by the highly transmissible Delta variant, the recorded global COVID-19 death toll has risen close to 5 million and health risks abound, holding back a full return to normalcy. Pandemic outbreaks in critical links of global supply chains have resulted in longer-than-expected supply disruptions, further feeding inflation in many countries. Overall, risks to economic prospects have increased, and policy trade-offs have become more complex.