Report: Economy rebound hinges on race between vaccines, variants

International economic projections have improved over the past months, but faster and more effective vaccine deployment is critical for getting key sectors back to prepandemic levels, the Organization for Economic Cooperation and Development (OECD) said in its latest update. In other developments, some hot spot countries reported rising hospitalization and intensive care unit (ICU) levels, even as more countries are receiving shipments though the COVAX initiative.

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