Morgan Stanley Expects U.S. GDP to Grow By Nearly 6% in 2021

The transcript discusses the U.S. economic slowdown towards the end of the year, with growth expected to soften in the fourth quarter and the first quarter of 2021. A resurgence is anticipated from March onwards. The private sector's risk appetite has been reduced, but a rebound in consumption and investment is expected. The impact of vaccines is also considered, with a focus on their availability to vulnerable populations and the potential for economic recovery without achieving herd immunity.

What role does the vaccine play in the economy according to the analysis?

What is the significance of achieving herd immunity in relation to keeping economies open?