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Graphic Truth: Hong Kong plunges into recession

Graphic Truth: Hong Kong plunges into recession

Increasingly violent anti-government protests in Hong Kong have dealt a major blow to the city's once booming economy. Tourism – an economic lifeline in that city – has dropped, and retailers are suffering from a sharp decline in sales. Now, six months since the unrest began, Hong Kong has recorded its first recession in a decade, meaning its economy has contracted for two consecutive quarters. Here's a look at how Hong Kong's quarterly gross domestic product (GDP) growth has fared during the past two years.

More than 32 million COVID shots have now been administered globally, raising hopes that the light at the end of the tunnel is now in sight.

The US has vaccinated 3 percent of its total population, while the UK is nearing a solid 5 percent inoculation rate. In Israel, which has been hailed as a vaccine success story, almost 24 percent of people have already received at least one dose of a COVID vaccine.

But while many countries are able to glimpse the outlines of a post-COVID world, there is a huge population of people who are being left out entirely. Refugees, as well as displaced, undocumented, and stateless people around the world remain ineligible for inoculations and vulnerable to the coronavirus.

We take a look at three case studies where powerless populations are being left in the lurch.

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Carl Bildt, former Prime Minister and Foreign Minister of Sweden, shares his perspective on Europe In 60 Seconds:

Why did the Estonian prime minister resign and what happens now?

Well, he had to resign because there were allegations of corruption in connection with a construction issue in in Tallinn. Let's see. I think my best guess is that there will be a new coalition with the new composition of parties and perhaps a more clear-cut commitment to reforms.

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As the world's richest nations struggle will vaccine rollout, a more daunting question looms: When will the world's poorest nations get the COVID-19 vaccine? Of course, some vaccines have already reached the developing world, but World Bank President David Malpass says it may not be until the second half of 2021, or even well into 2022, that distribution becomes widespread. His conversation with Ian Bremmer is part of an upcoming episode of GZERO World, airing on public television nationwide beginning this Friday, January 15th. Check local listings.

When will we return to a pre-pandemic normal by achieving COVID-19 herd immunity? Well, that depends where you live. While a host of wealthy nations that stockpiled vaccines and have already started rolling them out are planning for a post-COVID recovery in the near-term, the bulk of middle-income states will have to wait many months until the vaccine is rolled out to large swaths of the population. Most developing nations, meanwhile, as well as countries that will only get drugs through the global COVAX facility, may still be living with the coronavirus for three more years, according to predictions by The Economist Intelligence Unit. We compare when the pandemic is likely to end in different groups of countries, based on their access to vaccines and rollout plans.

The GZERO World Podcast with Ian Bremmer. Listen now.

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When will the developing world get the vaccine?

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