The Day at a Glance | April 7 2021

The Top

*The US will give people over 18 years old access to vaccines starting on April 19th; it`s estimated that 75% of the population will be vaccined by July.

*Tax revenues in Mexico fell 1.8% in the 1Q21: SAT.

*Gross fixed investment increased 3.3% during January in Mexico (-9.6% annual); private consumption grew 1% in the same period (-5.7% annual).

*The services sector in Germany, Spain, Italy and Ireland returned to growth during March; a positive sign of recovery in the Eurozone.

Economic environment

150 million vaccines have been distributed to the American public in the Biden administration`s first 75 days, a figure that exceeds the vaccine program`s initial expectations. After the program`s great success, President Biden has announced that he expects vaccines to be available for people over 18 years old in every state of the country starting April 19th. The administration expects to surpass Biden`s goal of 200 million shots in his first 100 days as President. Only Oregon and Hawaii may not achieve the goal of making the vaccine available for every adult on April 19th as estimates expect that to occur on May 1st. Last week up to 16 states started to give adults access to the vaccine while others will implement plans to offer vaccines to travelers. Daily Covid-19 vaccinations have surpassed an average of 3 million in the last 7 days and it`s expected that enough vaccines will be available to 75% of the population by the end of July. The progress maintains optimism high regarding the return to normalcy among activities in the world`s largest economy, even despite having recorded an acceleration of Covid-19 cases in the last 3 weeks.