International
21:57 18 July 2021
Post by: WBJ

Delta variant not to derail economic recovery: UBS

Delta variant not to derail economic recovery: UBS
Source: Photo by Fusion Medical Animation on Unsplash

According to Chief Investment Office GWM Investment Research in UBS, the Delta variant, or others currently in circulation, is not expected to disrupt the economic recovery.

“Vaccines appear to be effective at reducing healthcare burdens. Multiple sources of real-world data indicate that vaccines are still effective against variants, including Delta. UK data shows sharply rising new cases, yet hospitalizations remain well below the levels of previous waves. A similar pattern is visible in Israel, where 86 percent of the population is fully vaccinated and Delta is the ­predominant virus strain. Government data from Singapore also continues to show limited serious illness among breakthrough infections. With the virus continuing to circulate, new variants should be expected to emerge. However, early research from the US suggests that the diversity of mutations is declining over time and that this trend is more evident in vaccinated people. Our base case is that vaccines will remain broadly effective against emerging variants,” the UBS report reads.

The spread of the Delta variant has led to an increase in global Covid-19 cases and prompted the reimposition of social and economic restrictions in some countries. Japan has declared another state of emergency. Korea, Indonesia, and Vietnam have introduced additional measures, and even Israel – a world leader in the vaccination drive – has reimposed some restrictions and will offer a third booster vaccine.

(WBJ)


economy
ubs
covid-19
delta variant

More News

lifestyle

LifeStyle
16 days ago

Heckling and criticism become part of being a public figure: Malgorzata Ohme

LifeStyle
20 days ago

‘I was a shopaholic and spent a lot of money on clothes’: Doda

LifeStyle
23 days ago

Rolexes are unlikely to cheapen

LifeStyle
30 days ago

The cure for stress has four paws: study

Book of Lists

Book of Lists
1 year ago

The largest Polish companies under the Book of Lists microscope! Book of Lists 2020/2021 certificates have been awarded.

Book of Lists
2 years ago

25th jubilee edition of Book of Lists – project start