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How vaccines will affect our EM forecasts

This Focus sets out a framework for thinking about how the distribution of COVID-19 vaccines will affect the outlook for EMs. For much of Emerging Europe and Chile, these developments may allow economies to return to normal more quickly than we had expected. But it will take still take a long time for GDP to recover to its pre-crisis trend in much of the rest of Latin America, as well as South Asia and Africa.

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