In this prime tracker, we review the latest vaccine developments globally.
On the details:
Global Outlook: This week, an average of 28.1mn vaccinations were administered globally every day, up 11% WoW (Chart 2). China accounts for more than half of daily doses administered, with average daily vaccinations up 18% WoW (Table 1). Hungary, Canada and Chile have now vaccinated half of their populations with at least one dose. The EU has also vaccinated over one-third of its population with at least one dose (35.2%), however its vaccination rate fell 9% WoW (Chart 1). In all, 10% of the world’s population have now received at least one vaccination dose, up 0.8% WoW, and an estimated 7.9% have vaccine-induced immunity to Covid-19.
Share of Population Vaccinated: North American countries have now vaccinated over 1 in 3 people with at least one dose (Chart 3). Europe is next, followed by South America and Oceania. On a country-by-country basis, China, Canada, Greece and France have registered large WoW percentage point increases in their respective shares of populations vaccinated with at least one dose (Table 1).
Doses: Asian countries performed particularly well this week (Chart 4). Malaysia, the Philippines and Indonesia all recorded three-digit WoW percentage increases, and China expanded its rollout by another 2.3mn vaccinations a day. Across LatAm countries, average daily doses fell in Chile and Brazil, but increased in Argentina and Mexico (Table 1). Most EU countries registered WoW declines in average number of daily doses, with Sweden and Spain posting the largest decreases. On a population adjusted basis, Iceland’s vaccination rate is the highest (Chart 5).
Manufacturers: Vaccination rates in the US fell by a further 3% WoW. By manufacturer, fewer Moderna and J&J vaccines were administered this week compared to the previous one. There was, however, an increase in the number of Pfizer doses used, but this was not enough to offset declines in the other two. In Germany, the number of J&J vaccines administered doubled WoW, and the vaccine now represents 1.4% of total doses (Chart 6). The most popular vaccine remains Pfizer.
Immunity: Based on the latest vaccination rates, Canada is set to reach herd immunity by June 2021. Hungary and now Singapore are next in line to break the 80% immunity target, and a significant number of European countries should reach the mark by the end of Summer 2021. Elsewhere, following a significant slowdown in vaccination rates, the US is now set to reach 80% immunity target by October 2021.
Vlad Ionescu is a Macro Research Intern, currently undertaking an MSci in Management at UCL School of Management. He previously worked as an intern for an Investment Management firm.
(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)
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