Vaccination rollouts are well underway. In this prime tracker, we will keep you up-to-date with the latest developments globally. On the details:
This week, the number of daily vaccinations administered globally averaged over 7mn for the first time (Chart 1). As a result, 2.5% of the world’s population have now received at least one vaccination dose, up from 2.1% last week (Table 1).
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Vaccination rollouts are well underway. In this prime tracker, we will keep you up-to-date with the latest developments globally. On the details:
- This week, the number of daily vaccinations administered globally averaged over 7mn for the first time (Chart 1). As a result, 2.5% of the world’s population have now received at least one vaccination dose, up from 2.1% last week (Table 1).
- For those countries that have already vaccinated over 1% of their population, Hungary, Singapore and Argentina experienced the largest WoW increases. Hungary recorded the largest weekly rise in the share of its population to have received a vaccine (3.8%). Intuitively, this 3.8% represents those who have received their first dose this week.
- The UK is prioritising the rollout of a single vaccination dose in a two-dose protocol (31.8% vs 1.9%). As a result, the country has administered a dose to 33.6% of its population, up 3ppt WoW. Assuming this strategy yields at least partial immunity 21 days after a dose is administered, an estimated 23.5% will have vaccine-induced antibodies.
- The US is opting for a shorter interval between doses, but despite this, the country has vaccinated 18.7% of its population. Of this share, 9.8% have received both doses, compared to 1.9% in the UK. Over the last week, the US has vaccinated a further 2.8% of its population, and the pace of its rollout per head of population has surpassed the UK’s (Chart 2).
- New on the list for this week is the Philippines. The country has approved the rollout of the Sinovac vaccine and has vaccinated 44,000 people over the last week. Other Asian countries have also only recently started vaccination programmes. All, apart from Singapore and Hong Kong, have vaccinated less than 1% of their populations over the last week.
- Using vaccination rates of the last two weeks, Israel will have vaccinated 80% of its population with at least one dose by May. Next to achieve the target would be the UK, Chile, Hungary and the US. The EU is forecast to achieve 80% by June 2022.
Sam van de Schootbrugge is a macro research economist taking a one year industrial break from his Ph.D. in Economics. He has 2 years of experience working in government and has an MPhil degree in Economic Research from the University of Cambridge. His research expertise are in international finance, macroeconomics and fiscal policy.
(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.)