June 22, 2021
Economy

Nearly 50% of Pandemic Costs Will Fall on Advanced Economies, World Government Summit Report Finds

  • World economy facing US$3.8 trillion economic hit, with half absorbed by wealthiest countries

  • New report ‘21 Priorities for Governments in 2021’ Identifies Five Areas in Post-pandemic Recovery

A seminal report launched by the World Government Summit Organization (WGS) which highlights 21 critical priorities within five focus areas offers a source of direction for governments as they tackle post-COVID-19 recovery.

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The new WGS report ‘21 Priorities for Governments in 2021’ identifies five critical priorities in post-pandemic recovery (Photo: AETOSWire)

Wealthier economies will shoulder almost half the cost of the COVID-19 crisis, which could reach up to US$3.8 trillion in 2021, the report finds. That, even if developed economies can vaccinate their entire…

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