Covid vaccine won’t be an ‘instant stimulus’ to the U.S. economy, warns economist

A Covid-19 vaccine will not result in an “instant stimulus” to the U.S. economy, which still needs greater fiscal support as its recovery loses momentum, an economist said on Wednesday. Markets globally rallied after Pfizer and BioNTech announced on Monday that their coronavirus vaccine was more than 90% effective in preventing the disease among those with no evidence of prior infection.
Read more: https://www.cnbc.com/2020/11/11/covid-vaccine-not-instant-stimulus-to-us-economy-warns-economist-.html?source=Snapzu