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- We’re in the process of rebuilding our COVID tracker to better capture the effects of re-openings. So, today’s report is shorter than normal.
- One of the main developments is the continued improvement in developed countries – only Sweden and Canada are in their peak waves (higher cases, higher deaths, see chart). The US, Germany and Japan are just passed their peaks (lower cases, higher deaths), while the UK, Spain, Italy, France, Norway and NZ are seeing their waves declining (lower cases, lower deaths)
- In EM, the peak wave countries are Nigeria, Russia, Mexico, Brazil, Pakistan, India, Egypt and Chile. The declining wave countries are HK, China, Korea, Malaysia, Thailand, Czech, Iran, UAE and Argentina (see second scatter chart)
Chart 1: COVID Stages- DM Countries
Source: John Hopkins CSSE, Macro Hive
Chart 2: COVID Stages- EM Countries
Source: John Hopkins CSSE, Macro Hive
Table 1: Developed Countries: Key COVID-19 Stats
Source: John Hopkins CSSE, Macro Hive
Table 2: Emerging and Newly Industrialised Countries: Key COVID-19 Stats
Source: John Hopkins CSSE, Macro Hive
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.
(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)