Covid-19, news and its impact on the world economy.
Hello dear readers!
The last few days we have had encouraging news regarding the global health crisis, the positive results of some vaccines that are being tested seem to have a positive impact on the world economy, and some nations are already making the necessary adjustments for the economy to take off.
The WHO described the results of some vaccines as good news, being optimistic even when they say that there is still a long way to go, so I share a summary of the news that shake the world, which put a smile on the face of the people and that makes us believe that the end of all this dramatic episode can end.
"Now we need to establish larger-scale tests in the real world." Doctor Michael Ryan said.
Vaccine war?
USA
The first to announce positive test results for its Covid-19 vaccine was the United States; The researchers claim that the results of the tests were able to give an immune response to the volunteers who underwent the tests, producing molecules capable of stopping the infection, similarly to people who have recovered from the virus.
"No matter how you look at it, this is good news." Doctor Anthony Fauci said
UK.
Now, days after the United States announcement, researchers from the University of Oxford are releasing the results derived from the trials of the covid-19 vaccine, which included 1,077 people and that the researchers say the vaccine caused a response from antibodies in people with no history of Covid-19.
"The immune system has two ways to find and attack pathogens: antibody and T-cell responses. This vaccine is intended to induce both, so it can attack the virus when it is circulating in the body, as well as attack infected cells. " Said Andrew Pollard, Senior Lecturer at Oxford University
Russia
The most recent news is that Russia claims to have the covid-19 vaccine, the vaccine was tested on military volunteers who generated antibodies as indicated by the Russian authorities. They claim that the military volunteers received immunity against the virus and are in good health.
"We can assure that the first national vaccine against the referred disease is ready." Ruslan Tsalikov, Vice Minister of defense said.
Reactions.
It seems that the advances and positive results of the trials are generating positive reactions, agreements that set the stage for a possible start-up of the economy; Such is the case of what happened in the EU, who after 5 days of meeting announce to the world an economic recovery agreement.
The agreement aims to leverage the EU's economic recovery after the damage caused by the pandemic; At the summit, the countries involved agreed on a € 750 billion fund, a very important sum that can undoubtedly help an early recovery.
That same positive impact was transferred to the price of oil, which registered a rise of 3.07% in relation to the Brent benchmark crude which rose $ 1.31 to settle at $ 44.61. While West Texas rose 2.87%, which represents $ 1.17 to settle at $ 41.98.
Conclusions
Without pretending to be an expert in economics, all this suggests that the world economy is waiting for the "initial whistle" that in this case would be the vaccine against covid-19, to start a race towards full recovery.
But what will happen to Latin America? It is a totally different case from the European one, in our countries the numbers of infected people grow every day and there seems to be no plan for the containment of the virus, much less for economic recovery.
Good news is heard in the world, but the situation in our countries is worrying. Let me know your opinion.
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Worst recession since the great depression. But stocks only go up. Thanks to the helicopter money Fed has been printing.
We agree, a big recession ahead, we hope that the actions being taken will help boost the economy.
@tipu curate
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Thanks friend!
Heard some Russian hackers are also tracking the vaccine producers. There's a whole lot going on the world right now!
That is news that I did not know, but it is not surprising, there is so much at stake here that we do not know what to expect.
That's right friend, the things are scary around here, let's hope the saving vaccine arrives on time
That is our hope, that they finally develop the vaccine that can control this virus and we can live more peacefully.
Thanks for your comment!
As month goes by, news have been coming of the new vaccine, expectations are on the new vaccine but there are still yet visible result to convince one of the vaccine produced for this covid-19. It will really take the world in general some good amount of time to recover from this covid-19 pandemic effect
Surely yes, this will take a long time, but as long as we have progress in this area then we are closer to the peace of mind that there is an effective treatment.
I am hopeful that all this will affect positive to the economy because I think that the greatest damage that is being done is the effect of fear that is perceived in companies s feel that their business does not prosper, is something that psychologically predisposes companies to be negative and is an effect immediate of this pandemic.
I am optimistic and I know that everything will improve.
Friend, we have to maintain the hope that everything will improve soon, although we know that there is a long way to go each positive test reinforces our hope.
It is good to finally hear news of progress after several months, even after the vaccine is being produced it will take time before the vaccine completely gets round everyone especially for third word countries.
If that's true, it's missing a lot but each step in the right direction brings us closer to the end of this nightmare.
Hello friend @fucho80
You are quite right, in the developed countries we are seeing progress but unfortunately these underdeveloped countries do not have the same luck and from here it has to be that these vaccines reach our hands many things will have happened. I do not want to be pessimistic but it is reality, people are dying, hospitals and clinics do not have enough ventilators and not to mention Venezuela does not even have gloves. So the future of all of this is something terrifying.