- In the DM world, no country sees an increase in cases or deaths larger than 2%.
- In EM, Chile leads with an 8% increase in cases, followed by Brazil with 7%. As of deaths, Chile and Mexico saw a 7% jump. Clearly, Latin America remains the epicentre of COVID at the moment. Despite this, Mexico announced restrictions easing. Elsewhere, South Africa saw a 9% jump in deaths.
Looking at which countries are at peak waves, we find the following:
- In DM, the situation remains very similar to yesterday with Sweden, Canada, US, and Portugal making up the peak wave quadrant (high cases and high deaths). The latter country shows signs of transitioning to the post peak. Further on, Iceland, Norway, Greece, Switzerland, Spain, and Italy have stayed for a significant number of days in the low cases and low deaths quadrant. Austria maintains its cases jump and we will also monitor New Zealand’s evolution in this regard.
- In EM, a large group of countries stay in their peak waves including major Latam and some Asian countries. In terms of new waves, one should keep a close eye on Singapore (large number of cases vs its past numbers), Czech Republic and South Korea (large % changes in cases).
Figure 1: Europe 10-day Moving Average in Cases
Figure 2: Americas – 10-day Moving Average in Cases
Figure 3: Asia – 10-day Moving Average in Cases
Figure 4: EMEA – 10-day Moving Average in Cases
Figure 5: DM: COVID – Percentile (Daily Cases/Deaths)
Figure 6: EM: COVID – Percentile (Daily Cases/Deaths)
Figure 7: DM: COVID Stages – (Changes in Daily Cases/Deaths)
Figure 8: EM: COVID Stages – (Changes in Daily Cases/Deaths)
Table 1: Developed Countries: Key COVID-19 Stats
Table 2: Emerging and Newly Industrialised Countries: Key COVID-19 Stats
Bilal Hafeez is the CEO and Editor of Macro Hive. He spent over twenty years doing research at big banks – JPMorgan, Deutsche Bank, and Nomura, where he had various “Global Head” roles and did FX, rates and cross-markets research.
Stefan Posea is a Research Analyst at Macro Hive. His research interests lie in macro-financial interactions and monetary policy analysis. Stefan graduated with an MSc in Economics at Birkbeck, University of London and previously held roles in M&A and the Public Sector.
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