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The backlog of vaccinations in the EU was estimated at 123 billion euros


Marec, 25 2021
watermark Economic news

Economists believe that the lag of the EU countries from the approved vaccination calendar against coronavirus could cost the European economy about 123 billion euros. The EU is currently seven weeks behind schedule.


It is noted that by the end of summer, the EU countries should vaccinate 70% of the population. And in order to achieve this, vaccination must be significantly accelerated. However, problems with the supply of vaccines from AstraZeneca and the refusal of residents of many European countries to vaccinate with this particular drug call into question the success of this campaign.


According to experts, France is also seven weeks behind the vaccination schedule, and each week of lag could cost the country's economy 3 billion euros.


The current difficulties with vaccination will be discussed at the summit on Thursday by the heads of state and government of the EU countries. It is assumed that politicians will discuss measures to increase vaccine production and accelerate vaccination of the population.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.