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In the wealthy nations that have secured access to vaccines, relief from the economic disaster brought on by the public health emergency is underway. The restrictions that have shut down businesses could be lifted, bringing meaningful economic benefits as soon as March or April. For the moment, the picture is bleak. The United States, the world’s largest economy, has suffered death tolls equivalent to a 9/11 every day, making a return to normalcy appear distant. Major economies like Britain, France and Germany are under fresh lockdowns as the virus maintains momentum. But after contracting 4.2% this year, the global economy appears set to expand by 5.2% next year, according to Oxford Economics. That forecast assumes annual growth of 4.2% in the United States and a 7.8% expansion in China, the world’s second-largest economy, where government action has controlled the virus.

New yorkUnited statesUnited kingdomSouth africaCity ofTemple university hospitalSouth africanClare wenhamRichard kozul wrightMark eccleston turnerPeters goodmanBen mayHannah yoonInternational monetary fundKeele universityRand corp