Bill Gates says COVID-19 has set global health progress back decades

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LoadingAlongside dropping rates of routine immunisation, which the report described as “setting the world back about 25 years in 25 weeks”, rising levels of poverty and economic damage from the pandemic are reinforcing inequalities, it said.It found that the pandemic has had a disproportionate impact on women, racial and ethnic minority communities and people living in extreme poverty.”After 20 consecutive years of declines in extreme poverty, we’ve now seen a reversal,” said Mark Suzman, chief executive of the Gates Foundation. “We’ve had nearly 40 million people thrown back into extreme poverty. That’s well over a million a week since the virus hit.”The report cited International Monetary Fund projections that, despite the $US18 trillion dollars already spent on trying to stimulate economies around the world, the global economy would lose $US12 trillion or more by the end of 2021 – the biggest global GDP loss since the end of World War II.While the scene is “bleak” right now, Gates said he was confident the world would emerge from the pandemic and resume progress towards the goals on improving global health.”Whether is takes us two years, or even three, we do believe that we’ll overcome this and get back on track,” he …

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