Global Coronavirus cases reach 18.5mn, with total deaths now standing at 700,500. These figures have increased 2.5% and 1.6% since Monday’s report, respectively. Reportedly, one person dies on average every 15 seconds from the virus.
Over the last two days, the Philippines has registered the largest increase in new daily cases as a proportion of total cases. A total of 9,400 cases were reported, increasing to total number of cases by 8%, to 112,600. The surge in cases has resulted in the country releasing stay-at-home orders.
Colombia and Japan have also reported a large number of new cases. In these countries, over 5% of total cases have been recorded in just the last two days and daily 3d moving averages are in the 97th percentile. Both countries have featured heavily in our reports this week – flight departures out of Tokyo have fallen and mobility in Colombia is down.
Australia suffered its highest number of daily deaths yesterday (15) and the weekly change in 3d moving average is up by 119%. The country continues to report new daily cases in the 100th percentile and registered 1,500 new cases over the last two days.
Since Monday’s report, Hong Kong has recorded the largest number of new deaths as a proportion of total deaths. Despite registering just 7 new deaths, this represents a 17% rise in the total number. The country also recorded 85 new cases on Wednesday.
For countries with over 10,000 cases, the Philippines (173%), the Netherlands (155%), Colombia (77%), Spain (75%) and Denmark (70%) have seen the largest weekly changes in their 3d moving averages. In better news, Egypt (-68%), Nigeria (-51%), the UAE (-40%) and Chile (-38%) have seen the biggest declines.
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.
Sam van de Schootbrugge is a macro research economist taking a one year industrial break from his Ph.D. in Economics. He has 2 years of experience working in government and has an MPhil degree in Economic Research from the University of Cambridge. His research expertise are in international finance, macroeconomics and fiscal policy.
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