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LATEST NEWS UPDATES | States reopening not prudent as vaccination rates still low: Oxford Economics

States reopening not prudent as vaccination rates still low: Oxford Economics

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published Published on Jun 23, 2021   modified Modified on Jun 24, 2021

-PTI/ The Hindu

Using test positivity as guiding factor may create challenges: Oxford Economics

States’ reopening strategy in the wake of a decline in COVID-19 cases is not “prudent” and might even result in a rise in infections as vaccine coverage remains low in many States, global forecasting firm Oxford Economics said on Wednesday.

In a report, it also said, “we remain cautious and maintain our 2021 growth forecast at 9.1%”, pointing out that economic data did not support an upward revision at this point.

The rapid decline in COVID-19 cases and test positivity rates has prompted many States to relax restrictions that are in place to curb the spread of coronavirus infections. Against this backdrop, Oxford Economics said vaccination rates were far below the levels deemed to be safe for easing social distancing measures substantially in the more populous and economically important States.

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PTI/ The Hindu, 23 June, 2021, https://www.thehindu.com/business/Economy/states-reopening-not-prudent-as-vaccination-rates-still-low/article34939169.ece?homepage=true


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