UBS economist projects coronavirus cases in US could hit zero in six months

A top economist at USB said promising vaccine news this week has shifted the bank’s expectations for when it believes the United States could reach zero new coronavirus cases.

“We might get a situation where reported cases of COVID in the United States fall very close to zero in Q2 of next year,” chief U.S. economist Seth Carpenter told CNBC. “That six month difference, that two-quarter difference matters a lot, it means an extra 1 to 1.25 percentage point gain in GDP next year.”