A patient receives a jab as part of a drive for childhood vaccines required for school registration in Los Angeles on August 12. Government efforts to accelerate development of a Covid-19 vaccine have increased scepticism and anti-vaccination sentiment. Photo: AFP A patient receives a jab as part of a drive for childhood vaccines required for school registration in Los Angeles on August 12. Government efforts to accelerate development of a Covid-19 vaccine have increased scepticism and anti-vaccination sentiment. Photo: AFP
A patient receives a jab as part of a drive for childhood vaccines required for school registration in Los Angeles on August 12. Government efforts to accelerate development of a Covid-19 vaccine have increased scepticism and anti-vaccination sentiment. Photo: AFP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Coronavirus recovery: vaccine scepticism poses a threat to stock markets

  • While there is no question policymakers are loathe to reimpose nationwide lockdowns, investors downplay the threats posed by Covid-19 at their peril
  • Markets are underpricing risks of new lockdowns in several major economies. Assuming that a vaccine will end economic disruption looks increasingly shaky

A patient receives a jab as part of a drive for childhood vaccines required for school registration in Los Angeles on August 12. Government efforts to accelerate development of a Covid-19 vaccine have increased scepticism and anti-vaccination sentiment. Photo: AFP A patient receives a jab as part of a drive for childhood vaccines required for school registration in Los Angeles on August 12. Government efforts to accelerate development of a Covid-19 vaccine have increased scepticism and anti-vaccination sentiment. Photo: AFP
A patient receives a jab as part of a drive for childhood vaccines required for school registration in Los Angeles on August 12. Government efforts to accelerate development of a Covid-19 vaccine have increased scepticism and anti-vaccination sentiment. Photo: AFP
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