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'Fast reopening, slow vaccination risk renewed spike in infections'

Global forecasting firm Oxford Economics says vaccination rates are far below the levels deemed to be safe for easing lockdown restrictions; maintains 2021 growth forecast at 9.1 per cent

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Crowded Avenue road after further ease in Covid-19 induced lockdown restrictions, at Chickpet near Bengaluru, on Wednesday. Pic/PTI

Crowded Avenue road after further ease in Covid-19 induced lockdown restrictions, at Chickpet near Bengaluru, on Wednesday. Pic/PTI

States’ re-opening strategy in the wake of decline in Covid-19 cases is not “prudent” and might even result in rise in infections as vaccine coverage remains low in many states, global forecasting firm Oxford Economics said on Wednesday.

In a report, it also said, “We remain cautious and maintain our 2021 growth forecast at 9.1 per cent,” citing that economic data does not support an upward revision at this point.

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