World’s Economic Recovery Delayed by Slow Vaccine Rollouts

The transcript discusses the challenges of global economic recovery amid COVID-19, highlighting uneven progress across regions. Advanced economies are expected to recover faster due to better vaccine distribution, while emerging economies may lag. The discussion also covers the impact of COVID-19 measures on inequality, particularly in Hong Kong, where lockdowns have disproportionately affected poorer areas. The overall theme is that while recovery is expected, it may not be linear and will require effective vaccine rollouts.

What is the main factor that could sustain the global economic recovery according to the first section?

• Reduction in government debt

• Rise in global trade

• Material rollout of vaccines

• Increased consumer spending

Which country is experiencing a V-shaped recovery as mentioned in the first section?

• United States

• Japan

• United Kingdom

• China

What concern is raised about vaccine distribution in the second section?

• Vaccines are too expensive for all countries

• Richer countries may distribute vaccines more quickly

• Vaccines may not be effective

• Vaccines may cause side effects

According to the second section, what realization have economists come to regarding the recovery path?

• It will not require vaccines

• It may be more complicated than initially thought

• It will be linear and straightforward

• It will be faster than expected

In the final section, which group is mentioned as being more affected by COVID-19 measures?

• Lower paid workers and women

• Service sector employees

• High-income workers

• Government officials