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IDB: Regional economic recovery dependent on COVID testing, vaccination

Two economists from the Inter-American Development Bank (IDB) have suggested that the region's economic recovery will depend heavily on countries' ability to test their populations and providing access to vaccines, particularly for frontline workers.
 
In the IDB's latest Quarterly Bulletin, economists Henry Mooney and David Rosenblatt noted the importance of access to vaccines for workers in tourism and tourism-related activities and cautioned that availability of timely COVID-19 testing was also key to returning countries to some level of normalcy.
 
According to Mooney and Rosenblatt, per capita income recovery was a good measure of return to a positive economic place.
 
Based on the latest available data and projections, only Guyana saw positive real per capita GDP growth in 2020 relative to 2019, owing to the start of production at its considerable oil discoveries.


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