* UBS had originally estimated that the number of coronavirus infections in the U.S. would approach zero by the end of 2021.
* But this week’s vaccine news has made the bank bring that forecast forward by six months.
* Seth Carpenter, chief U.S. economist at UBS, believes U.S. policymakers will disappoint markets by providing a lower-than-expected stimulus package.
LONDON — The latest coronavirus vaccine developments have brightened the outlook for the U.S. economy, with UBS economists boosting their GDP forecasts for the country.
Pfizer and BioNTech announced Monday that their Covid-19 vaccine was more than 90% effective in preventing the infectious disease. The announcement fueled optimism that the pandemic could come to an end sooner rather than later, driving up stock markets globally.
UBS had originally estimated that the number of coronavirus infections in the U.S. would approach zero by the end of 2021, but the vaccine news has made the bank bring that forecast forward by six months.
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WNU Editor: If the vaccines work better than expected, and there are no problems in their manufacture and distribution. Then yes. The number of coronavirus infections in the U.S. will quickly crash.
