In the DM world, Canada saw a 4% increase in cases, while US, Japan, UK, Ireland, and Finland saw small 2% increases. The rest saw almost none or no increases at all. On deaths, Finland led with a 5% increase, followed by Canada and Japan at 3%.
In the EM world, Russia led with a 9% jump in cases. India, South Africa, Nigeria and Chile come next with 7% increases. On deaths, South Africa saw a jump of 7%, followed by Singapore and UAE at 6%. Elsewhere, India, Russia, Saudi Arabia, Mexico, Colombia, and Chile saw 5% increases
As for the peak wave charts, those changes mean:
- In DM, Canada is the only country in the “peak wave” quadrant with weekly increases in cases and deaths. Australia has recently seen a jump in cases, though from low levels, but it’s worth monitoring in case of a new wave. Almost all other countries are in the declining wave quadrant of falling cases and deaths.
- In EM, on the other hand, there remains a large clustering of countries in the “peak wave” quadrant. Nigeria appears worst hit, followed by Chile, South Africa, India, Pakistan, Egypt, Saudi Arabia, and Colombia. Meanwhile, Taiwan and Malaysia have seen big increases in cases, which signal a new wave, but most appear to be imported cases.
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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