Pfizer has just reported promising results for their COVID vaccine. Whether this is the definitive vaccine is yet to be known, but it does confirm our earlier understanding that the COVID vaccine will likely be the fastest developed one in history.
A vaccine will be crucial in allowing countries to return to pre-pandemic norms. During the first wave, the global economy suffered severe contractionary pressures (Table 1). India experienced a 29% QoQ contraction in economic growth in Q2, with the UK and Mexico also seeing significant declines. These three countries are also among the top five worst affected countries in terms of COVID-19 deaths.
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