There have been 216 million vaccinations put into the arms of U.S. citizens according to the Centers for Disease Control and Prevention. Every single U.S. citizen 16 years of age and older are able to get a vaccine if they so please.
The rollout rate bodes well for interstate commerce this summer, as the nation’s economy is looking to bounce back. An assistant professor of economics at Missouri Western State University said that the country should see a boost in all service-related industries as states loosen restrictions.
“People expect a lot of revenue over the summer because people are going out and spending more money,” Dr. Kara Grant said. “Last summer, companies were deprived of that opportunity, but we could be set up well for this coming vacation season to pump dollars into the industry.”
Money being spent inside the country is always a good thing. But there still are obstacles to climb when it comes to international trade and travel.
However, vaccination rates differ globally, providing somewhat of a grim outlook for international travel and trade in the immediate future.
“If you think of India, even with all of these vaccines they have they are still having a massive surge in coronavirus cases,” Grant said. “If these places where we get cheap labor from continue to have case surges then our whole supply chain gets messed up. Everyone vaccinated globally is incredibly beneficial.”