Pfizer CEO Dr Albert Bourla said the company’s second quarter was “remarkable” in a number of ways.
“The speed and efficiency of our efforts with BioNTech to help vaccinate the world against COVID-19 have been unprecedented, with now more than a billion doses of [the vaccine] having been delivered globally,” Bourla said.
“Looking forward, we remain highly confident in our ability to achieve at least a 6 per cent compound annual growth rate through 2025 and intend to build upon our recent successes by continuing to follow the science, trust in our people and remain focused on delivering breakthroughs for the patients we serve.”
Global vaccine rollout
In the United States around half of the vaccinated population has received Pfizer. At this stage half of the US population is fully vaccinated.
In the United Kingdom around 60 per cent of the population is fully vaccinated.
Economists have downgraded their forecasts for the national economy in the September quarter, expecting it to head towards a steep contraction.
Asked on the ABC whether Australians should prepare for a recession, Treasurer Josh Frydenberg said: "We don't know what's around the corner with respect to COVID."
"And seeing our two biggest states in lockdown over the quarter is going to have a significant economic impact."