NEWLY released economic modelling suggests that the COVID-19 vaccination rollout saved Australia's economy $181 billion during the pandemic.
A peer-reviewed research paper titled The Value of Vaccines: A Tale of Two Parts estimates that without vaccinations the pandemic and subsequent lockdowns would have impacted Australia's Gross Domestic Product by $395 billion, with the timely rollout of the jabs reducing the impact to $214b.
The research was undertaken by strategic planning firm Bioentelect and Victoria University's Centre of Policy Studies, with the support of Pfizer Australia.
The rollout was also estimated to have contributed to "large positive effects" for tourism exports ($28 billion), education exports ($26 billion), employment (142,000 jobs) and Government finances ($259 billion).
The paper was published in Vaccines on 30 Nov - see doi.org.
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