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How Covid containment has helped economies to bounce back

By Paul Dennis

5 March

Fabio Ghironi, an economist, retweeted an article on the gross domestic product (GDP) having rebounded sharply in countries that have been successfully in containing Covid-19.

In addition, countries with widespread vaccination programmes have also been able to reduce coronavirus cases and deaths, and subsequently revive their economies.

Real world evidence further suggests that countries such as the UK and Israel have been able to blunt the severity of the disease and symptomatic infections because of the planned vaccination rollouts.

The US, on the other hand, expects to have enough vaccines for every adult by the end of May 2021, with the $1.9tn stimulus package moving closer to becoming a law.

While Israel leads the pack with more than half of its population having received the first jab of the Covid vaccine, the US and UK fair better than other advanced economies.

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Recent studies also suggest that coronavirus vaccines have been effective in reducing infections, with both Israel and the UK reporting falling number of hospitalisations among the older age groups.

Given a scenario that a vaccine-resistant strain does not become dominant, experts believe that the rapid rollout of Covid vaccines will help in reducing deaths and hospitalisations, and transmissions altogether.

However, some countries such as Australia, New Zealand, China, and Taiwan have been able to curb the virus and revive their economies without vaccines.

It is being hoped that other countries follow a similar path to curb the virus via vaccination efforts.

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