
Gita Gopinath, Chief Economist of the International Monetary Fund, tweeted a GDP data analysis on how the world economy after the positive announcement of two COVID-19 vaccines, Pfizer and Moderna.
On Monday, Moderna announced that their vaccine is 94.5% effective and some days before Pfizer also announced that their vaccine is 90% effective. On Tuesday, Gita Gopinath said the positive results of the COVID-19 vaccine raise new hopes but still a way to go and gave a GDP data analysis of eight countries in the third quarter of 2020.
Gita Gopinath tweeted, “Positive vaccine news raises hopes but still a way to go. As of the 3rd quarter of 2020 GDP yet to return to pre-pandemic levels, with exception of China (+3.5%). Significant gaps remain as pandemic surges. US -3.5%, Germany -4.2%; France -4.1%; Spain -9.1%, Italy -4.5%.”
Positive vaccine news raises hopes but still a ways to go. As of 3rd quarter of 2020 GDP yet to return to pre-pandemic levels, with exception of China (+3.5%). Significant gaps remain as pandemic surges. US -3.5%, Germany -4.2%; France -4.1%; Spain -9.1%, Italy -4.5%. pic.twitter.com/MrfqKYl7wC
— Gita Gopinath (@GitaGopinath) November 16, 2020
The graph mentioned countries like the United States, Germany, France, Spain, Italy, Korea, Mexico, and China, however, missed India.