As I saw UK and US and Israel started to relax restrictions, as football leagues in England and NBA in US have welcomed back fans in stadium, I am increasingly optimistic that the reopening of economies can be expected soon.
My confidence comes from two points.
Firstly, vaccination rate in UK and US is quite encouraging, so does China. Vaccination rate in Singapore and Malaysia is also increasing. Western countries are now researching into the efficacy of Covid-19 vaccine mixing. Globalnews.ca report shows it is not bad and the side effects are not severe. If having AstraZeneca as first dose and Pfizer for the second, or fully vaccinated individuals to be given a third dose to enhance the protection, we will have more people protected against this novel coronavirus. That would mean safer environment for economic activities.
Secondly, American company Pfizer is conducting a research on oral medicine, and it could be introduced as early as late 2021.
When many individuals have been vaccinated and the oral medicine is introduced, patients infected by coronavirus could take medicine immediately. This is not forgetting that vaccinated individuals have no risks for severe symptoms and death, the overall pandemic could be suppressed to the level of a normal cold.
When UK and US relax restrictions this summer and we see no significant increase of infection cases, or infected patients show only mild symptoms, this could be a global benchmark. Scattered infections would still take place even after mass vaccination. But the economies could recover to pre-pandemic situation.
From summer 2021 to summer 2022, I would not be surprised if we see several economies–if not tens of economies–restore most economic activities.
I am optimistic that humankind will stand up again with the power of science.
It is ourselves–not any inexplicable forces–that control the destiny of human race.