Economists have warned the global decline in vaccination rates could stifle economic recovery in the wake of the COVID-19 pandemic.

Deloitte Access Economics’ Chris Richardson says economic recovery is ultimately dependent upon the number of people getting vaccinated.

“I am worried about a decline, I am worried about complacency – it’s a global phenomenon and it does worry me,” Mr Richardson told Sky News Australia.

“If I’m forecasting the economy, jobs, wages, if I’m forecasting anything, hospitalisations through to hair cuts, everything now is a vaccination forecast and the underlying trade-off is the more we vaccinate, the less we have to do lockdowns and other things that hurt people in a whole bunch of ways.

“The most successful economies around the world right now, the ones we’re giving the strongest forecast growth rates to compared to their history are the ones with the best vaccination rates.”

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