All posts by TrueEconomics

18/11/20: COVID19 Update: Russia

 Updating pandemic data for Russia: some summary stats first



The above stats clearly show that Russian pandemic is in  full-blown second wave of infections and deaths. As the chart below illustrates, however:
  • Russian second wave has been associated with exactly matching dynamics in both cases and deaths without any substantial lags;
  • Both cases and deaths are yet to show any signs of stabilization and peaking (which is distinct from the EU27 experience so far);
  • The two effects combined suggest that Russian pandemic numbers are likely to continue to worsen into December.
You can see more Russia summary stats and comparatives to other countries here: https://trueeconomics.blogspot.com/2020/11/181120-covid19-update-countries-with.html


18/11/20: COVID19 Update: U.S. vs EU27

Comparatives for the pandemic development across the EU27 vs U.S.:

Thanks to an absolutely savage second wave of the pandemic, EU27 is now closing the gap with the U.S. in terms of total deaths, both in absolute terms and in per capita terms:


  • Deaths per capita: the U.S. has overtaken the EU27 since May 18, and the trend for the U.S. continued to be worse than that for the EU27 until early October.
  • EU27 death rate per capita has effectively flattened-out at around 308 per 1 million prior to August 2, but has been rising once again since then (498.1 currently).
  • U.S. deaths per capita continue to increase (760.1 currently).
  • The U.S. & EU27 are in 3rd (U.S.) and 2nd (EU27) waves of infections. Since Oct 1st, EU27 cases have surpassed the U.S. on all but 3 days & deaths on all but 16 days
The trends are horrifying, albeit in the EU27 we are now seeing potential decline in cases from the second peak. The U.S. appears to remain on the increasing trendline in terms of new cases: 


As the U.S. 3rd wave of new cases is blowing up, and the EU27 2nd wave appears to be subsiding, we are likely to see deaths accelerating once again in the U.S. and falling in the EU27, so the deaths gap between the U.S. and the EU27 is likely to revert back growing excess U.S. deaths.

  • Overall counts of deaths in the U.S. are now above the EU27, since July 12. 
  • Current excess gap is at +46,983, which is down on peak excess deaths gap of 68,152 attained a month ago. 
  • Adjusted for population and pandemic timing differences, the gap is 113,081. Put differently, 113,081 Americans would have been alive today were the U.S. responses to the pandemic similar to those adopted by the EU27.

Summary statistics really paint an awful picture: 
  • November has been thee worst month so far in this entire pandemic in terms of daily cases increases for both the EU27 and the U.S. 
  • In terms of deaths counts, the U.S. is still lagging behind the EU27, but November to-date is now ranks as the second worst month in daily deaths counts in the U.S. and the worst month in the EU27.


For more EU27 - U.S. comparatives, including comparatives to other countries, see: https://trueeconomics.blogspot.com/2020/11/181120-covid19-update-countries-with.html

18/11/20: COVID19 Update: Countries with > 100,000 cases

 Updating the tables for countries with more than 100,000 recorded cases of COVID19:




  • U.S. continues to lead globally in terms of deaths and new cases counts. On per-capita terms, the U.S. ranks 7th worst in the world in terms of cases per 1 million of population, 12th worst in terms of deaths per 1 million of population and 27th worst in the world in terms of deaths per 1,000 officially detected infections. The country has, by far, the most expensive (as a share of GDP) healthcare system in the world.
  • In contrast, were they treated as a single entity, BRIICS+Turkey have better than average performance in terms of number of cases, number of deaths per capita and an average (statistically)  rate of deaths per 1,000 cases.
  • Worldwide, 20 countries now have more than 500,000 cases and 5 countries of these have more than 50,000 deaths.
  • On per capita basis, the worst performing country in the world for cases counts is Qatar, followed by Belgium and Czechia, Armenia and Israel. In terms of deaths per capita, the worst country in the world is Belgium, followed by Peru, Spain, Argentina and Brazil. 
  • In deaths per 1,000 confirmed cases, the worst performing country is Mexico, followed by Ecuador, Bolivia, Egypt and Iran.