10 August

Scientists across the world are racing to find a vaccine against the Covid-19 virus, which has battered the global economy.

As the world awaits the discovery of a new vaccine, the chances of it being highly effective seem low.

Although 50% effectiveness is still being viewed as acceptable, public health measures need to continue until a highly effective vaccine is found.

Daniel Lacalle, chief economist Tressis SV, shared an article on White House coronavirus advisor Dr. Anthony Fauci views of the effectiveness of a coronavirus vaccine.

Dr. Fauci noted that the chances of developing a vaccine that is highly effective are very narrow.

The scientists currently working on vaccines are expecting that the vaccine would be at least 75% effective.

The US Food and Drug Administration (FDA) has noted that it would approve a vaccine if it was at least 50% effective.

Dr. Fauci noted that considering the relatively average effectiveness of the vaccines, the public health approach of social distancing and wearing face masks should not be abandoned.

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