Covid-19 briefing

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- ECONOMIC IMPACT -

Latest update: 19 May

Southeast Asia’s largest economy, Indonesia, grew by 5.01% on an annual basis in Q1 2022, driven by a rise in the commodity prices and relaxation of Covid-19 restrictions

According to International Labor Organization (ILO), around 4.8 million jobs were lost in Ukraine since the start of Russia’s invasion in February 2022.

9.6%

Saudi Arabia's economy grew by 9.6% on an annual basis in Q1 2022, the fastest in a decade, supported by booming its oil sector.

5.3%

According to Statistics Canada, the unemployment rate declined to all-time low of 5.2% in April, compared to 5.3% in March 2022.

ECONOMIC RECOVERY

- SECTOR IMPACT: MEDICAL DEVICES -

Latest update: 19 May

Worldwide

Reducing controls in many countries is allowing surgical procedures to resume. Relaxation is a result of high vaccination rates and the emergence of the Omicron variant and emerging Omicron-Delta recombinant variants, leading to lower hospitalization rates.

Governments are moving towards lower COVID-19 testing rates, particularly in relation to travel testing.


Shanghai

The authorities have announced that the city-wide COVID-19 lockdown in Shanghai will be eased in June. The lockdown has affected factory and port operations, affecting the export of medical devices and medical device subcomponents through Shanghai Port. The immediate impacts were in inventories of imported components and subassemblies. In Beijing, restrictive measures are being gradually increased, raising the risk of disruption to medical device manufacturing activity in the city.

IMPACTS OF THE RUSSIA-UKRAINE WAR ON AVAILABILITY OF MEDICAL EQUIPMENT IN RUSSIA

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