EcoWeek

Covid-19: new weekly cases fall below symbolic 10 million mark

Eco week 22-16 // 19 April 2022  
economic-research.bnpparibas.com  
9
ECONOMIC PULSE  
COVID-19: NEW WEEKLY CASES FALL BELOW SYMBOLIC 10 MILLION MARK  
The number of new Covid-19 cases reported worldwide fell for the third consecutive week. For the first time since January 2022, the number of  
new cases for the week has fallen below the symbolic level of 10 million on average for a moving seven-day period. Some 8 million new cases  
were recorded between 7 and 14 April, a fall of 21% on the previous week (Chart 1). Numbers continued to fall in Europe, Asia, South America and  
Africa, although North America saw an increase after three months of virtually continuous falls. Meanwhile, 65% of the world’s population has  
now received at least one dose of a Covid-19 vaccine (Chart 2).  
Over the same period, visits to retail and leisure facilities continued to rise in Japan, while there is no clear trend in the other countries (France,  
Spain, Belgium, Italy, Germany, USA and the UK) the indicator was stable (Chart 3, blue line).  
Lastly, the trend in the weekly proxy indicator of GDP remained positive in the USA, Japan and Belgium and, to a lesser extent in Italy. In Germany,  
Spain, France and the United Kingdom, the slight dip compared with the previous reading was nevertheless part of a rising trend that has been  
visible for some months now (Chart 3, black line). The OECD Tracker is based on Google Trends resulting from queries on consumption, the labour  
market, housing, industrial activity as well as uncertainty. The OECD calculates the tracker over a 2-year period (y/2y) to avoid the base effect of  
a comparison with 2020 data.  
Tarik Rharrab  
*
Google Mobility Reports show how visits and length of stay at different places change compared to a baseline. The baseline is the median value, for the corresponding day of the  
week, during the 5-week period Jan 3–Feb 6, 2020. A figure of negative 30% indicates that traffic was down 30% compared to a baseline. The reports show trends over several weeks  
with the most recent data representing approximately 2-3 days ago—this is how long it takes to produce the reports. In order to smooth the series, we use a seven-day moving  
average of the raw data in the Google Mobility Reports. Source: Google.  
DAILY CONFIRMED COVID-19 CASES  
SHARE OF PEOPLE WHO RECEIVED AT LEAST ONE DOSE OF VACCINE  
(
7-DAY MOVING AVERAGE)  
Share of people who received at least one dose of Covid-19 vaccine (13 April 2022)  
Change in pp between 13 April and 14 March 2022 [RHS]  
Change in pp between 5 April and 6 March 2022 [RHS]  
Africa  
600000  
Asia  
Europe  
South America  
North America  
1
1
1
1
100  
15  
10  
5
9
8
7
6
5
4
3
2
1
0
0
0
0
0
0
0
0
0
0
400000  
200000  
000000  
8
6
4
2
00000  
00000  
00000  
00000  
0
0
0
1/20  
06/20  
11/20  
04/21  
09/21  
02/22  
CHART 1  
SOURCE: JOHNS-HOPKINS UNIVERSITY (04/14/2021), BNP PARIBAS  
SOURCE: OUR WORLD IN DATA (04/14/2021), BNP PARIBAS  
CHART 2  
The bank  
for a changing  
world  
QUI SOMMES-NOUS ? Trois équipes d'économistes (économies OCDE, économies émergentes et risque pays, économie bancaire) forment la Direction des Etudes Economiques de BNP Paribas.
Ce site présente leurs analyses.
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