Bank of America has published an interesting chart on the rising COVID vaccination rates across the USA and UK, where around 70% of their populations have received at least one shot:
The US administered 21mn vaccine doses over the past week, increasing the total to 218.9mn. Europe administered 21mn doses this past week, for a total of 194mn.
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Reflecting this, infection rates across the US and UK continue to fall:
As do death rates:
Israel (not shown above) is the most advanced nation in the world with respect to vaccination, and it too has experienced huge declines in infection and death rates:
This gives us hope that 2022 could see a return to semi-normal as populations begin to develop ‘herd immunity’.
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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