Monday 17 May 2021

Costa Rica, Chile and Brazil have administered the highest number of doses per capita to date.

Fitch Ratings says wWidespread vaccination is key to Latin America's economic recovery

QCOSTARICA – Widespread vaccination is the key to overcoming the COVID-19 pandemic and reinforcing the economic recovery in Latin America, Fitch Ratings said in a special report, published on Monday, February 22.

In Costa Rica, Armando Prada Díaz, 84, was vaccinated against covid-19 by nurse Anais Chavarría in the Ébais de San Rafael Abajo Desamparados. Photo: Alonso Tenorio.

The rating agency believes that the resurgence of the virus will negatively affect economic activity in the first quarter of 2021, and the extent and pace of the recovery in the second half of 2021 will depend on the speed and effectiveness of vaccine launches.

- Advertisement -

“It is likely that social distancing measures will be eased but not completely eliminated until the second half of 2021 or even 2022.

“Some countries have re-imposed mobility restrictions, albeit more localized and less severe than during the initial outbreak, following a second wave of coronavirus cases and deaths in the region,” the agency said in a statement.

Fitch Ratings explained that vaccination has started slowly in much of the region, and limited vaccine supplies and weak distribution networks pose challenges.

Mexico, Peru and Chile appear to be better positioned in terms of coverage of vaccine agreements as a percentage of their populations, the agency noted.

- Advertisement -

Chile, Brazil and Costa Rica, for their part, have administered the highest number of doses per capita to date.

Chile has made notable progress in recent weeks. It now leads the region and plans to vaccinate the majority of its population by end of 2021.

Fitch concluded that a key risk for economic recovery is the prevalence of new variants that may be more contagious, have higher mortality, or be more resistant to the existing vaccines. That slower than expected production or distribution bottlenecks (there is some evidence for this in the European Union) would further delay the launch of the vaccine and delay recovery.

- Advertisement -

We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

11,773 older adults rejected the covid-19 vaccine; another 441 missed the second dose

QCOSTARICA - A total of 11,773 older adults (defined here as...

Health expands group 3 vaccination for people from 16 to 58 years

QCOSTARICA - Adolescents of 16 and 17 years old with some...


Coronavirus digest: choice to get ‘vaccinated or infected’

The German health minister, Jens Spahn, said that despite falling daily cases of the COVID-19 in Germany, caution is still needed. "Everyone will experience this virus," Spahn...

College of Physicians proposes to apply 150,000 doses weekly; tighten vehicle restrictions

QCOSTARICA - Applying 150,000 doses per week of the covid-19 vaccine and establishing stricter vehicle restrictions temporarily, are the two main proposals of the...

Protesters tried to block roads, but Police prevented closures

QCOSTARICA - Small groups of protesters tried to block several routes in the country on Monday, but the Fuerza Publica (National Police) managed to...

Keltner Channel Strategy Explained for Beginners

The trading world is full of trading strategies that vary by assets, timeframes, and, of course, technical indicators. In this article, you will learn...

Today’s Covid News: 32 deaths in the last 24 hours; 3,039 news cases

QCOSTARICA - Costa Rica reported this Thursday the highest number of deaths associated with covid-19 in a single day, since the start of the...

Costa Rica will buy two million more doses to accelerate vaccination

QCOSTARICA - The President of the Comision Nacional de Emergencias (CNE), Alexander Solis, announced this Monday afternoon that Costa Rica is purchasing an additional...

Colombia surpasses 80,000 COVID-19 deaths; ICU’s nearly full

QCOLOMBIA – Confirmed deaths from COVID-19 in Colombia passed 80,000 on Friday, May 14, with intensive care units almost full in the biggest cities,...

These are the new sanitary measures that will be applied in May

QCOSTARICA - At the press conference from Casa Presidencial that started more than 15 minutes this afternoon, the government announced new sanitary measures that...

Farmer’s fairs remain fertile despite the effects of the pandemic

QCOSTARICA - Despite the effects of the pandemic, "ferias" (farmers fairs) that are a staple on weekends across the country, from small towns to...


Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.