Unequal Vaccination Rate May Jeopardize Global Recovery – ECB

Unequal Vaccination Rate May Jeopardize Global Recovery – ECB

The unequal rate with which countries are conducting vaccination campaigns against COVID-19 poses the greatest threat to the global economic recovery, Ignazio Visco, a member of the Governing Council of the European Central Bank and Italy’s central bank governor, warned in an interview with the Financial Times.

“We need to maintain close international cooperation within the G20 to avoid the different stages of the vaccination campaign in different countries leading to excessive disparities in the economies of the countries concerned,”

“Increasing the issuance of the IMF’s Special Drawing Rights to help developing countries recover will be one of the main topics of discussion at the meeting.”

“But now the most important thing is to vaccinate people.” “The main instrument we have at the moment is neither monetary nor fiscal, it is vaccination.”
France Raises the Deficit, Debt Predictions for 2021, Cuts GDP Estimates to 5%
Speaking on LCI TV, French Finance Minister Bruno Le Maire on Sunday revised the forecast for France’s government deficit from 8.5% to 9.0%, Reuters reported.

The diplomat also said that public debt this year will reach 118% of GDP, compared with his latest forecast of 115%, and also revised the forecast for GDP growth for this year from 6% to 5%, the report said.

Gloomy economic forecasts show isolation from the third national coronavirus (COVID-19) in a European country. Given the broad strength of the US dollar and serious problems for Brussels, the news should weigh on EUR/USD prices.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
Share with other traders!

Author : Azeez Mustapha


Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.