Coronavirus briefing: Positive vaccine news
Coronavirus briefing: Positive vaccine news
The epidemic

  • In Europe, case growth has remained high, but improvements are visible in Spain, Belgium, the Netherlands, Czech Republic and the UK, judging from data on cases and hospitalisations. The French case data is volatile but the trend in hospital occupancy has turned down.
  • In the US, cases keep rising fast and hospitalisations hit new record levels. Deaths are also rising.
  • Cases and hospitalisations continue to surge in Sweden. Denmark may have seen a slight decline in daily cases. Hospitalisations have also risen in Denmark and Norway. The situation in Finland remains more stable and by far the least serious in the Nordics, if not the whole Europe. 
  • Cases have continued to rise rapidly in the Baltics, especially Lithuania.
Vaccines

  • Pfizer and BioNTech released trial results indicating that their vaccine candidate is 90% effective. They have commented that 50 million doses of the vaccine could be produced this year and 1.3 billion in 2021. The results are also positive news for other vaccine candidates.
  • The EU finished its vaccine deal with Pfizer, which includes purchases of 200 million doses and the option of another 100 million. The US, Japan, and UK have made similar deals.
  • Moderna commented that they now have enough data for an early analysis of their stage three trial. Expectations are positive given that Modernas vaccine uses a technology similar to Pfizer’s. 
  • The developer of Russian Sputnik V vaccine commented that the early results from its stage 3 trial show that the vaccine is 92% effective. 
Policy

  • In Sweden, the sales of alcohol after 10 PM in the evening will be forbidden. Local restrictions were added in Blekinge, Kalmar, Västerbotten and Norrbotten.
  • Estonia announced restrictions on the sizes of groups in public places. The measures remain less strict than in the other Baltic countries.
  • According to a Swedish travel agency organisation, gov. support for the sector is being prepared.
  • The EU Parliament and the Council stroke a deal on the Recovery Fund and the Long-term budget.

Economic effects

  • Swedish Card transactions show that spending declined in early November, read more here.

PDF-Document Read the full analysis/report here (pdf)


Maija Kaartinen
Economist
Swedbank AB (publ)
SE-105 34 Stockholm
Phone: +46 8 700 92 73
research.swedbank.se


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