The International Monetary Fund (IMF) in a report notes that the gap in the economic prospects between rich and poor nations is now further apart, following the inequality in access to the COVID-19 vaccines.
The international organization, in its analysis and global outlook, concludes that the world is increasingly split into two blocs.
It has upgraded its growth forecasts for developed economies for this year but noted the decline in developing countries.
The report notes, in the rich countries, almost 40% of their population is fully vaccinated, whereas in developing countries only a minor fraction of its population is vaccinated.
Readers Bureau, Contributor
Edited by Jesus Chan
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