Economists see first signs in data that vaccine is working


Economists following the high-frequency data on virus infections are seeing initial signs that the vaccine is having positive effects on deaths and infection rates.

While they caution that the signs are tentative, they point to two areas: the decline in the percentage of Covid-related deaths from nursing home residents and infection numbers running below their model forecasts.

“We have seen for the first time that the (actual infection rates are) below our static models, suggesting potential protection from the vaccinations,” Matthew Harrison, head of biotech industry research at Morgan Stanley, said in a report this week with colleagues.

The focus on vaccinating the elderly first looks to…


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