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COVID19: Looming Threat of Re-ignition

This is a syndicated repost courtesy of True Economics. To view original, click here. Reposted with permission.

With some time passing since my last update, and the rates of vaccinations ramping up globally, it is easy to forget the simple, but devastating fact: we are still in a global pandemic. Here are the latest weekly totals for new cases and new deaths, worldwide:

 

Just as the charts show,
  • New cases have fallen significantly from the pandemic peak (Wave 4), but remain above the prior trough between Waves 3 and 4.
  • New deaths recorded are still at extremely high levels, and showing an uptick week-on-week in the latest data.
Meanwhile, mortality of new Covid19 cases is stubbornly at the levels observed over the last two waves of the pandemic:

 

Put differently, the ‘rich’ world is getting vaccinated (albeit with some variation in the rates), while the emerging markets and middle-income economies remain well behind on vaccinations curve. Which means there is continued threat of a global pandemic re-igniting and the looming uncertainty over the new variants emerging.

So much for the ‘reopening’ future…

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

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