COVID-19 Vaccine Key to Restoring Economic Stability, Experts Say

The incoming Biden administration faces a U.S. economy that appears to be slowing as COVID-19 cases surge.

Vaccinations in the U.S. began Dec. 14, and so far, 9.94 million doses have been given, according to a state-by-state tally by Bloomberg News and data from the Centers for Disease Control and Prevention updated Jan. 12. An estimated 36% of the 27.7 million doses distributed have been administered.

But experts say the economy may be poised for a more robust rebound later in 2021 if the vaccination process proves successful and the new Congress and team in the White House can agree on a third stimulus bill.

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