Bloomberg: World Economy Will Only Return to Normal After 7 Years

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Bloomberg: World Economy Will Only Return to Normal After 7 Years

07-Feb-2021
By Harriet

Bloomberg, a renowned financial, software, and data company had created the world’s largest database of Covid-19 shots. Bloomberg used the database to predict how long would the world return to normal life through the rate of vaccination.

Why was the time to launch vaccination for the population was used as a proxy?

This is because, Anthony Fauci, the leading US science official commented that 70% to 85% of vaccination of the population is need for the world to return to normal.

Thus, the Bloomberg Vaccine Tracker estimates the time needed for the two-dose vaccine to achieve 75% of the population as a proxy. Find out more about the tracker here: Link to the live Bloomberg Vaccine Tracker

Israel remains to be the country with the highest vaccination rate in the world, which achieved 75% coverage in just two months. In the US, it was expected to reach 75% by the New Year of 2022.

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However, as vaccinations were mostly carried out in richer Western countries, it was estimated that seven years is needed to vaccinate 75% of the world’s population. On the bright side, the vaccination pace is likely to speed up as more vaccines are available. For example, Johnson & Johnson just showed positive results using a single dose in the recent clinical trial.

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The world had been severely impacted by the Covid-19 pandemic. Many lives and livelihood were lost due to it.
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Let’s hope for a smooth rollout of the vaccine and the world and economy could recover soon!


bloomberg covid19 vaccine recovery years pandemic


Harriet

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