The writer is a former UK prime minister
Most of us will be looking forward to 2021 as the year of mass vaccination, and will welcome the economic rebound it makes possible. But we should not confuse that with the sustained global recovery the world needs.
While China may be bouncing back, the G7 nations — even with successful mass vaccination — are unlikely to reach their 2019 levels of output in 2022. Unemployment across Europe is set to double without more state support and, globally, up to 150m more are joining the world’s poor.
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