Priorities in the vaccine have no weight in the economy

Prioritários na vacina não têm peso na economia

Since the onset of the epidemic, in addition to a health and social crisis, coronaviruses have caused cracks in the Brazilian economy that are still recovering. Due to restrictions placed on economic activity due to Kovid-19, family income declined and investment and business and personal projects had to be postponed.

In between questions, a camouflage certainty appears, finally, with a question: Why is vaccination important for the economy to resume?

Started in Brazil on 17 January, vaccination has become an important point for the recovery of economic activity. However, with low doses and the use of only two vaccines (Coronavac and Oxford), only part of the Brazilian population began to be vaccinated: the elderly and health workers.

Despite being the first group to vaccinate in these first months of vaccination, economist and doctor of accounting, Felipe Starch Demesno, believes that the economy, at first and in a timid way, can revolve around the elderly and health workers . However, this provides for more promising economic stimulus when a large proportion of the population starts vaccinating.

First, and in a sneaky way, the economy can revolve around the elderly and health workers – (Photo: Disclosure / Linehar City Hall)

“Senior tourism is possible, which handles a lot of tickets and number of tourists every year and a lot of money. But I think you need to shorten the staff a bit for this. we are still [em um processo de vacinação] At a much older age, where economic participation is more difficult in the sense of getting out of the house, going to the store … it may happen in a short period of time, but we need to think a little bit about how people will react to it ” Said economist and doctor in accounting science, who also said that “as many elders can travel, we have to think if they want to and will dare”.

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In total, according to information from the Department of Health (SESA), Espírito Santo has more than 500 thousand people over the age of 60 and about 124.4 thousand health workers. As a result, among more than 4 million residents, the elderly and health professionals, together, represent about 15% of the Espírito Santo population.

According to the Brazilian Institute of Geography and Statistics (IBGE), 28 million people in Brazil are over 60 years of age. The number which represents 13% of the country’s population. Regarding health workers, there are about 3.5 million professionals in the country.

Efficiency

President of the Federation of Commerce for Goods, Services and Tourism of Espírito Santo (Fecomércio-ES), Jose Lino Sepulic, states that “those who were affected by vaccination do not have much impact on the economy’s restart”. Nevertheless, Sepulic believes that only after the second dose of the vaccine and the time to verify the effectiveness of the immunizer, which occurs a few days after application, would the elderly participation “have a greater impact”.

Priorities in the vaccine have no weight in the economy – (Photo: Disclosure / City Hall of Liners)

“The elderly, of course, are the portion of the population that contributes mainly to tourism. In other words, after a certain age, older people, certainly retirees, need to enjoy a share of the holiday. And, of course, in my view, is primarily of tourism, to be benefited with the introduction of vaccination against the epidemic “, assessed the president of Fecomércio-ES.

Espirito Santo in the footsteps of business partners

This growth in Espírito Santo is seen with optimism by the president of Fecomércio-ES. Sepulrec analyzes that “the recovery of the economy will materialize after the vaccine’s success against coronavirus is certain. The restoration of Brazilian development, particularly in Espírito Santo, is tied to this fact [vacinação]”.

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On the other hand, Damascino states that Espirito is associated with Santo countries, such as China, in the United States and some Europe, with exports of cellulose, ore, stone, and coffee. Given this, and the economic growth of these commercial partners, economists and doctors of accounting sciences assess that the Espírito Santo economy is pulled.

Despite the epidemic, China’s gross domestic product (GDP) grew 2.3% in 2020 from the previous year, according to the Department of National Statistics. In the United States, however, GDP declined by 3.5% in 2020, according to an estimate by the US Department of Commerce.

“We look at China from a development point of view, the United States too… Europe is probably a little bit less. But regarding our two biggest trading partners, they have a good growth perspective for this year, but China is already growing, the United States, Biden has a very, very bold, very big economic plan. Which will make the economy American. So, it draws the development of the Holy Spirit. So, I think he [estado] This has a definite advantage “, Damascino said,” noting that “our commercial partners are growing” Espírito Santo should grow higher than the Brazilian average this year.

In a joint note, the State Secretariat of Finance (Safez) and Vikas (SEEDS) assess that, along with vaccination / vaccination in addition to saving lives, it will bring safety and optimism to all citizens.

“Providing that people can search for jobs, undertake, resume their consumption habits, as well as encourage industrial production and the creation of jobs and income. The vaccine is an essential input for economic recovery. However, it is not possible to translate the speed of restitution related to the speed of vaccination in the note.

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Sarah Gracie

About the author: Sarah Gracie

Sarahis a reporter covering Amazon. She previously covered tech and transportation, and she broke stories on Uber's finances, self-driving car program, and cultural crisis. Before that, she covered cybersecurity in finance. Sarah's work has appeared in The Wall Street Journal, Bloomberg, Politico, and the Houston Chronicle.

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