Both Europe and the EU27 are now in a new wave, Wave 3, of the pandemic, just as the rest of the world (https://trueeconomics.blogspot.com/2021/04/1421-covid19-worldwide-data.html). There is no denying that fact:
Over the last 4 weeks, average number of weekly cases is up massive 37% compared to prior four weeks’ average in Europe and a whooping 40% in the EU27. Deaths are lagging 4-weeks on 4-weeks changes, so by this metric, we are seeing a decline of 18% in Europe and 15% drop in the EU27. But, controlling somewhat for lags, current latest weekly death counts are up 11% on 4 weeks average in both Europe and the EU27.
Sign of things to come: week 12/2021 rate of new cases is up 22% on 4-weeks average in Europe and 19% in the EU27. So the data suggests things are more likely to get worse in terms of both, new cases and new deaths.
Brace yourselves…
