Why the AstraZeneca vaccine is so important to the global economy

In this undated file photo issued by the University of Oxford, a researcher in a laboratory at the Jenner Institute in Oxford, England, works on the coronavirus vaccine developed by AstraZeneca and Oxford University.

The United Kingdom on Wednesday become the first country to approve the coronavirus vaccine developed by Oxford University and AstraZeneca. The shot is cheaper and easier to distribute than alternatives, and is expected to play a crucial role in boosting the global economy next year.

AstraZeneca said the first doses were being released Wednesday, and that vaccinations will begin early in the New Year. The rollout comes amid a dramatic surge in coronavirus cases in the United Kingdom.

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