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So, You Think Israel’s in the post-COVID Era? Think Again

15 6 1
13.04.2021

If the entire world was Israel, all would be fine. Shops, malls and restaurants have been open for more than a month and at least the consumer bit of the economy is reviving quickly. Israel continues to lead the world in vaccination rates surpassed only by Bhutan, and coronavirus restrictions are being lifted. It seems like the post-pandemic era is finally upon us.

It’s not. The Bloomberg COVID Resilience Ranking ranked Israel at No. 5, thanks to our successful vaccine rollout (our other metrics aren’t impressive), putting us ahead of COVID champions like China and not far behind New Zealand and Taiwan. But that just shows how Israel remains a rare exception to the rule for most of the world.

Yes, there are countries that are reopening, such as Britain and the United States, and others like China that have been open for a while. But the number of daily new COVID cases and deaths (based on a seven-day average) is still on the rise and approaching the levels of the previous wave.

In its latest projection, the International Monetary Fund sees the world economy rebounding this year, with economic activity exceeding pre-coronavirus levels. However, that’s due to a handful of winners, such as China and the U.S. Other key economies, most notably the Euro-zone, and Britain, are not expected........

© Haaretz


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