Jakarta –
Phase 3 trial results the Moderna vaccine and the Pfizer vaccine made the major stock index of the United States (US) set a record. Both vaccines are considered as ammunition to end the COVID-19 pandemic.
Wall Street turned green because investors believed so much in vaccines. Even a vaccine is expected as a starting point for an economic reversal. The two companies believe vaccine distribution can begin in late 2020 or early 2021.
However, a note made by the head of the economic group at Capital Economics, Neil Shearing, stated that vaccines have not been able to save the world economy from the Corona pandemic. Because, Europe is still making restrictions.
In the US, COVID-19 cases have surpassed 11 million at the end of last week. At least 45 states have reported more cases of COVID-19 infection.
“The good news about vaccines is influenced by the fact that they will not come soon enough to prevent a tough winter for many countries,” Neil said. CNN, Tuesday (17/11/2020).
Restriction or lockdown what Europe does will not be as strict as before.
“Clear lockdown this time it is much less strict than before, “said Ben May of Oxford Economics.
Even unsaved world economic movements are in line with lower taxes. Oxford Economics predicts global economic growth of around 0.7% in the fourth quarter of 2020. This figure is much lower than the projection for the third quarter of 2020 which is around 7%.
“The rate of growth in the fourth quarter has dropped back very sharply,” said Ben May.
Watch Video “BioNTech Boss Believes Pfizer Vaccine Can End Corona Pandemic“
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(hek / ara)
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