The number of Covid-19 cases worldwide is expected to reach 100 million within this week, said the Director-General of the World Health Organization (WHO) Tedros Adhanom Ghebreyesus.
"A year ago today, fewer than 1,500 cases of Covid-19 had been reported to WHO, including just 23 cases outside China. This week, we expect to reach 100 million reported cases," Tedros said at a WHO press briefing on Monday.
"Numbers can make us numb to what they represent: every death is someone's parent, someone's partner, someone's child, someone's friend," he added, and called for vaccination of health workers and older people to be underway in all countries within the first 100 days of 2021, the Xinhua news agency reported.
He also quoted two latest reports to show that without equitable access to Covid-19 vaccines, the world would have to face not only a catastrophic moral failure, but also an economic failure.
According to a new report from the International Labor Organization, which analyzes the impact of the pandemic on the global labor market, some 8.8 per cent of global working hours were lost in 2020, resulting in a decline in global labour income equivalent to $3.7 trillion.
The report projects that most countries will recover in the second half of 2021, depending on vaccination rollout, and recommends international support for the vaccine rollout in low- and middle-income countries and to promote economic and employment recovery.
The second report, commissioned by the International Chamber of Commerce Research Foundation, finds that vaccine nationalism could cost the global economy up to $9.2 trillion, almost half of which, about $4.5 trillion, would be incurred in the wealthiest economies.
In contrast, the financing gap for the Access to Covid-19 Tools Accelerator, a WHO-led initiative, is 26 billion dollars this year, according to Tedros, who added that the ACT Accelerator, if fully funded, would return up to $166 for every dollar invested.
"Vaccine nationalism might serve short-term political goals. But it's in every nation's own medium and long-term economic interest to support vaccine equity," he said.
--IANS
int/rs
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)