Initiate the Defense Goods Act to produce Merck’s J&J vaccine… Notice of supply expansion
The highest manufacturing index in two and a half years… Prospect of “V-shaped recovery in the first half”
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U.S. President Joe Biden’s time to secure a new coronavirus infection (Corona 19) vaccine to be vaccinated by all American adults is two months ahead of the original, raising expectations for a recovery from the vaccine launch.
According to the Associated Press, President Biden said in a speech at the White House on the 2nd (local time), “Now we are on the path to supply enough vaccines to all American adults. We will secure the vaccine by the end of May.” This is two months earlier than the previous plan, because the supply of existing Modena and Pfizer-Bioentech vaccines will expand from this week, and the Johnson & Johnson (J&J) vaccine has been approved for urgent use two days ago, and the number of vaccines has increased to three.
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In particular, President Biden announced that Merck, a US pharmaceutical company, has initiated the Defense Goods Act (DPA) to safely manufacture J&J vaccines, and announced that the supply of J&J vaccines will be expanded. Earlier, Merck announced in January that it would stop developing its own vaccine. In this regard, White House spokesman Jen Saki said at a briefing today that it will increase the supply of Modena and Pfizer vaccines from 14.5 million doses per week to 15.2 million doses per week. Including the J&J vaccine (2.8 million doses), a total of 18 million doses will be supplied this week. Accordingly, President Biden said he was confident of reaching the 100 million dose target within 100 days of taking office, his pledge.
While the US is accelerating vaccination, unprecedented fiscal stimulus and monetary easing measures are adding to the pace of economic recovery. The manufacturing index for February, released by the US Supply Management Association (ISM) on the 1st, reached the highest level in two and a half years since August 2018, and personal income per capita rose 10% in January. According to data from the Federal Reserve Bank of Atlanta, which tracks changes in the United States’ gross domestic product (GDP) in real time, estimates of economic growth in the first quarter reached 10%. Ed Yadeni of Yadeni Research analyzed that “the V-shaped recovery will take place during the first half of the year, and this could continue until the end of the year.”
However, there is still a prudence that even if the entire people are vaccinated, they will not be able to return to their life before the pandemic immediately. President Biden said, “When will the United States be able to return to normal,” he said, “I hope that will happen around this time next year.”
/ Reporter Noh Hee-young [email protected]
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