The COVID-19 pandemic has triggered record economic contraction across nations in recent history. The US witnessed its worst economic contraction in Q2:2020 having declined by 32.90% Q-o-Q. The United Kingdom also officially entered a recession as GDP for Q2 plunged by 20.40% Q-o-Q, following a 2.2% contraction in Q1:2020. So far, significant progress has been made in the race to produce an effective and safe vaccine, as over 140 vaccines are currently in different stages of development across the world.
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