The stocks on Wall Street were strong last Friday. The hope of a corona vaccine makes the investors felt confident that the United States (US) economy will rebound next year.
And also a number of the US banks have also issued economic forecasts for 2021.
“Following the encouraging of vaccine efficacy data, we confident that the vaccine will be widely available in the second quarter of 2021,” said the UBS Bank as quoted News24xx.com from CNN, on Tuesday, December 1, 2020.
The recovery of the US economy has also begun, when Pfizer’s vaccine has applied for distribution permits. According to reports, an agreement in the near future will be out soon.
Biotechnology company Moderna (MRNA) has also applied for licensing on Monday for its vaccine candidate.
The safe and effective distribution of the vaccine is the first step to returning to normal. But distribution is also vulnerable to logistics availability and delivery security.
Furthermore, low inflation has allowed the central bank to provide unprecedented economic assistance. However, there is a possibility that inflation will spike rapidly next year. Economists hope that will not happen during this recovery period.