Among low-income economies, where vaccination has lagged, growth has been revised lower to 2.9%.
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Vaccines are in short supply at the moment. Developed nations have achieved a vaccination rate of 50% to 80%. On the other hand, the global average is just 13.3% (for full vaccination). For most of the third world nations, the percentage of individuals who have been fully vaccinated stand at 1%-2%. And even more worryingly, the developed nations have mostly used vaccines from Sinovac, Sinopharm and AstraZeneca, while the developed nations are using the more effective vaccines from Pfizer, Janssen and Moderna.