Thursday, April 28, 2022
Mackubin Owens, MINDSETTER™
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William Shakespeare, John Taylor painting
April is both the birth month and death month of William Shakespeare, whom...
After a speeding driver cut her off abruptly on a Californian highway in May, Joanna Cloonan gestured rudely towards the car. A passenger grabbed...
GENEVA (BLOOMBERG) - A slow roll-out of Covid-19 vaccines and a lack of funding to bridge the gap between poor and rich countries could set Africa back two to five years, according to the head of the United Nations Economic Commission for Africa. "The fact that Africa isn't going to get vaccinated as fast is going to clearly slow growth," Ms Vera Songwe, the executive secretary of the UNECA, said on Monday in an interview. A lack of access to vaccines that will keep barriers to travel and business in place will also slow trade and hamper investments that could set back economic growth and prevent the creation of 26 million jobs, she said. World output is predicted to expand at the fastest pace in at least four decades in 2021. However, economic growth in sub-Saharan African, forecast at 3.4 per cent, is set to lag other regions, according to International Monetary Fund estimates. "It's extremely concerning if we're not able to close the gaps that are created," Ms Songwe said. Poorer countries will need to deploy US$450 billion (S$596.52 billion) to rebuild over the next five years and accelerate their income convergence with