The International Monetary Fund called on China to accelerate its coronavirus vaccination program. Moneyweb Covid China
The International Monetary Fund called on China to accelerate its coronavirus vaccination program, warning the sharply slowing pace of new doses administered could undermine a recovery in consumer spending in the economy. At the current pace, providing three doses of Covid vaccines to the population would take a “matter of years,” Helge Berger, head of the IMF’s China mission, said in an interview.
Only about 64% of Chinese people over 60 have received three doses, according to China’s national health commission. Berger said the lockdowns in Shanghai and dozens of other cities since March are a key reason the IMF sees “downside risks” to its April forecast of 4.4% gross domestic product growth for China this year. “The second quarter will be weak given the lockdowns,” he said.
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