Vaccination campaigns in most countries have reached phased progress
Record cases in France, Portugal, Turkey, Italy, Sweden, the Netherlands and Israel; Italy will mandate vaccines in >50 year olds in public sector jobs. Most estimate that Omicron has reduced effective protection rates against infections globally by an average of nearly 25pp, contributing to the variant’s much faster spread relative to Delta. GS’ effective protection rate against infections now stands at 50% in the US, UK, and India, 40% in the Euro Area, 20% in Japan, and just 5% in China. But, protection against hospitalisations has held up well, with a negative effect from lower vaccine efficacy offset by a positive effect from lower intrinsic severity. Their effective…
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