“Emerging countries will shoulder around two-thirds of these losses, further delaying their economic convergence with more developed countries,” the EIU said.
It warned the delayed rollout of vaccines could fuel resentment, increasing the risk of social unrest in developing economies.
The Asia-Pacific Region will be the worst hit in absolute terms, accounting for nearly three-quarters of the losses.
But as a percentage of GDP, sub-Saharan Africa will suffer the worst losses.
Black and Hispanic Americans, Americans living below the federal poverty line and younger adults are especially likely to face food challenges, according to the poll.
Most of those facing food challenges enrolled in a government or nonprofit food assistance program in the past year, but 58per cent still had difficulty accessing at least one service.
And 21 per cent of adults facing challenges meeting their food needs were unable to access any assistance at all. The most common challenge to those in need was a basic lack of awareness of eligibility for both government and nonprofit services.
Incentivising and expanding hydroelectric power construction would not only fail to prevent catastrophic climate change, but it would also worsen the climate crisis by exploding methane emissions and diverting scarce climate funds away from meaningful energy and water solutions in a world that is already grappling with severe impacts of climate change, the release said.
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