Coronavirus vaccine news is no cure for the pandemic recession. Next, policymakers must deliver

Hope springs eternal, and it has never been more important than today. The scale of the damage wrought by the Covid-19 pandemic – 56 million cases worldwide, 1.3 million deaths and a global economy that is forecast to shrink 4.4 per cent this year, with 90 million people expected to fall into extreme deprivation, according to the International Monetary Fund – makes the breakthrough in the hunt for an effective vaccine hugely significant.A series of announcements over the past 10 days, first by…

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