NEW YORK (CBSNewYork) – According to a JPMorgan report released on Thursday, the economies of the Philippines, Peru, Colombia, South Africa, and Thailand are among the most vulnerable to the COVID-19 Delta strain within emerging nations, owing to poor vaccination rates (Jul 8). The study compares the spread of the virus’ Delta version to the rate of vaccination, which in some countries is not fast enough to counteract increasing transmission rates.
Even if the Delta variation is demonstrated to reduce hospitalization and death rates, the paper warns that increased demand on healthcare systems and a higher absolute number of deaths could ensue, putting pressure on certain governments to extend or re-impose mobility restrictions.
According to a separate paper from Oxford Economics, significant economic activity is rebounding in Latin America as a result of increased mobility.
According to the JPMorgan analysis, vaccination criteria for restoring mobility differ by country, thus the results should be viewed as relative success across countries.
“According to model estimates, the Philippines, Peru, South Africa, Thailand, and Colombia will have the longest travels back to pre-pandemic mobility levels, while Singapore, Turkey, India, and Brazil would have the shortest.”
Authorities in Latin America have been less likely to reimpose or lengthen mobility restrictions, according to the analysis.
“While the region has demonstrated remarkable resilience in the face of the virus and other obstacles, downside growth risks might yet emerge from the impact of poor public health on confidence, even if the upward mobility trend continues.”/n
