6/25/20

David and Goliaths: COVID-19 fights

Experts have been discussing the second wave of COVID-19 since the start of the first wave. Today we observe a surge in the number of new cases in several countries who likely passed the first wave. The USA  is one of the biggest examples with the second large daily increase of 38386  (https://www.worldometers.info/coronavirus/#countries) new cases yesterday, June 24. When one digs into the state data, however, the pattern is different - this is the first wave that came to California, Texas, and Florida - the biggest and wealthiest states. The growth rate is above 5000 per day and does not show any sign of plateau any time soon.  New-York and New Jersey are burnt out but the crisis is far from the end and the biggest state economies of the USA are under increasing pressure. The Dow-Jones Industrial Average lost 2.7% but the COVID-19 news today is much worse than yesterday. The trend is close to exponential and new quarantine becomes mandatory.

Israel is an example of the second COVID-19 wave. During 30 days in May, the daily rate of new cases was between 7 and 70. Yesterday it was 532 new cases and the exponential growth trend. Israel does not declare new quarantine because of important military and political move on July 1. The annexation will\likely cost quite a few lives of Israeli citizens.

Obviously, COVID is not an anagram of David, but very close. This small virus hits the foreheads of the biggest powers. 

No comments:

Post a Comment

Turkey outperforms Germany economically in the 21st century

  Maddison project database ( MPD ) is a famous source of real GDP data for the whole world. Let's compare real GDP per capita for Turke...