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Pace of economic recovery will depend on the degree of vaccine rollout: BofA Securities

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Pace of economic recovery will depend on the degree of vaccine rollout: BofA Securities

The pace of economic recovery and strength of the recovery will depend on the degree of the Covid-19 vaccine rollout. The brokerage stated that if the vaccine is rolled out in the second half of CY21, the GDP for FY22 will grow at 6%.