Published 29 July 2022/Blog
The following analysis is conducted using data from June 2021 to June 2022.
Total cases vs the number of people vaccinated in that country.
2021 was a year of hope and patience. Covid-19 cases were still on the rise but vaccination testing had passed through the different stages of control and was being initiated for mass production. By June of 2021, the United States had vaccinated 147.5 million people which corresponded to over 44% of the population. As the year went by and 2022 arrived the United States continued to vaccinate, however at a much slower rate. Nonetheless, other nations were determined to vaccinate a high percentage of their population. Between June and December of 2021, China managed to fully vaccinate 1.11 billion people which was equivalent to 80% of their population. India on the other hand has vaccinated as of June 2022, 890 million citizens, and that’s around 63% of their population. This data presents how developing countries and underdeveloped countries managed to get large volumes of vaccines to protect their citizens and to stop the spread of the virus. It also highlights China’s rapid vaccination rates and firm policies as they are determined to have a zero tolerance for Coronavirus cases.
USA vaccination data
Latest data: 6/10/22 – Vaccination growth percent over a 1 year time span.
The United States had an upstream of vaccinations around June of 2021. Health care and other first-line professions were early adopters and were prioritized for first vaccinations, obtaining it in the late months of 2020. During the first and second quarters of 2021, mostly everyone was eligible for vaccination. Those who were determined to get vaccinated fell under the early majority since by June of 2021 they were fully vaccinated. Later that year vaccinations continued, however at a much slower rate. In addition, later in the year, the CDC suggested a booster shot to the public. However, a significant percentage of the population was still missing, as some of the late majority and laggers who were not still vaccinated. Now, June 2022, the United States has a vaccination rate of 66% and the country faces a division of beliefs regarding vaccination. In Republican lead states, vaccination rates are lower at 50% – 60% while in Democratic lead states they are between 70% – 90%. This is different compared to other countries since laws in the USA allow for the individual to make a choice. In many other nations, vaccination was not a choice but mandated by governments to every citizen.
Economic effects of Covid-19
The Coronavirus has had a fundamental economic impact around the world. Some national economies did not face challenges initially, but professionals estimated and predicted the changes over time following 2020. One way to look at the current and past economic stability is through the stock market. Different core stocks and bonds are the indicators of the national/global economy due to their influence in the day-to-day life of the population. Crude oil is one of them, although gasoline prices are almost at an all-time high in the United States as of June 2022. Between September and December of 2021, crude oil had its comeback from the descending pattern that it was in during the early months of 2021. Before September people still had to remain home for the most part. The majority of office jobs were remotely from home, education and school classes were held through online classroom platforms. Large social gathering spaces were limited to a specific number of people or not available at all. Therefore, the cause for that stock growth was closely related to Coronavirus restrictions being lifted. In the United States, most states began to allow people to go to restaurants and attend outdoor and indoor social gatherings. This change was beneficial to crude oil since the most used form of transportation in the United States is automobiles. Data sources indicate that 75% of commuters in the United States use their car to move from home to work.
TNX was at a historic low in 2021 and rolling over to the first month of 2022. A low TNX price represents that mortgage prices are cheaper. During the Covid-19 pandemic (2020-2021) mortgage interest rates were shockingly low. With the help of the Federal Reserve, they managed to bring it to 3%. When 2022 arrived, the mortgage rates were no longer low but instead beginning to increase. The housing market at the moment is not at an all-time high because of the high rates. Nonetheless, it is the fluctuation and the economic disruption that the Coronavirus brought to all nation’s economies.
Thus, the Coronavirus was not only detrimental to the lives it took and the health complications that millions of people carry with them for the rest of their lives. It also created economic instability. This phenomenon could be scarier and last much longer than the years Covid-19 was out of control. The non-biological effects of this virus are demonstrated through the high growing inflation and the constant economic difficulties families are facing with rising prices on almost everything.
Infographic: Shima Auzins
Analytics: Arantxa Duque Perez
Data sources: www.finance.yahoo.com, www.marketwatch.com, https://ourworldindata.org, https://usafacts.org/ and https://covid.cdc.gov/
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