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Here’s the rub on the COVID jab: it’s no economic magic bullet – Brisbane Times

The rollout of the COVID-19 jab will take time, and it won’t reach everyone. Don’t expect corresponding miracles for the economy.

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But while undoubtedly good news, the advent of vaccines is, sadly, no magic bullet for the economy or an immediate path back to normal, as we are likely to spend 2021 finding out.
Importantly, when people talk of a full vaccine rollout, that does not, in fact, mean that every single Australian will be vaccinated. Treasury has certainly not assumed a 100 per cent vaccination rate, but something closer to 85 per cent.
Some Australians will refuse vaccination. It is not mandatory. Other groups are…

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