Eco Week
Economic Pulse

Covid-19: new cases’ fall around the world

09/12/2021
DAILY CONFIRMED COVID-19 CASES (7-DAY MOVING AVERAGE)

Global Covid-19 case numbers have started to decline again after a rising trend lasting nearly two months. Some 4.2 million new cases were recorded between 2 and 8 September, a reduction of 6.3% on the previous week. This development was shared between all regions: Africa -25%; South America -16.2%; Asia -7.8%; Europe -2.3%; and North America -2.3% (chart 1).

The total number of deaths also fell over the same period. Meanwhile vaccination campaigns continue to gain ground, with 5.6 billion vaccine doses given by 8 September (chart 2).

Over the same period, visits to retail and leisure facilities are still running at pre-pandemic levels in Belgium and Italy, whilst Germany has recently also returned to levels seen before the Covid-19 crisis. However, in several major economies, such as France, Spain, the US, Japan and the UK, footfall remains below pre-Covid-19 levels with a gap ranging from -19% in Japan to -0.4% in France (chart 3).

SHARE OF PEOPLE WHO RECEIVED AT LEAST ONE DOSE OF VACCINE

The OECD Weekly Tracker for GDP growth continued to improve in France and Belgium, and stabilised in Germany. However, it continued to weaken in the US. It was also weaker in the UK, Italy and Spain after a short rebound (chart 3). This indicator is produced by the OECD based on data from Google Trends for searches relating to consumption, the labour and property markets, industrial activity and uncertainty. The OECD calculates the indicator over a moving two-year period in order to avoid a base effect that would result from a comparison with 2020 data.

RETAIL AND RECREATION MOBILITY & OECD WEEKLY TRACKER
DAILY NEW CASES & RETAIL AND RECREATION MOBILITY
THE EXPERT ECONOMISTS WHO PARTICIPATED IN THIS ARTICLE

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