Eco Week
Economic Pulse

Record numbers of new Covid-19 cases around the world

01/09/2022

10.5 million new cases were reported worldwide between 30 December 2021 and 5 January 2022. This was 79% higher than in the previous week. Although all regions of the world recorded an increase, the biggest rises came in South America (162%) and North America (101%). They were followed by Europe (69%), Asia (54%) and Africa (5%) (chart 1).

The highest number of new cases in a single country (chart 4, black line) was the was the United States (3,141,071, a 100% increase from the previous week). It was followed by the UK (1,138, 259; +40%), France (1,128,914; +111%), Italy (682,546; +147%), and Spain (654,891; +90%). Some 9.33 billion Covid-19 vaccine doses have been administered worldwide since vaccination campaigns began in the fourth quarter of 2020, including 547 million booster doses. Nearly 60% of the world’s population has now received at least one dose of a Covid-19 vaccine (chart 2).

Looking beyond the recent disruption relating to the holiday season, visits to retail and leisure facilities remained on a downward trend in France, Germany, Belgium, Italy, Spain, the United Kingdom and the United States, whilst in Japan, the trend remains positive (chart 3, blue line).

Lastly, the trend in the weekly proxy indicator of GDP has remained negative in Germany, Belgium, Spain and Italy, and to a lesser extent in France and the USA. It remains positive in Japan and has stabilised in the UK (chart 3, black line). This indicator is produced by the OECD on the basis of data from Google Trends for searches relating to consumption, the labour and property markets, industrial activity and uncertainty. 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 to avoid the base effects linked to a comparaison with the 2020 data.

DAILY CONFIRMED COVID-19 CASES
(7-DAY MOVING AVERAGE)

SHARE OF PEOPLE WHO RECEIVED AT LEAST ONE DOSE OF VACCINE

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

Other articles from the same publication

Editorial
Supply side disruption, some hopeful signs

Supply side disruption, some hopeful signs

The current business cycle is atypical and this influences the analytical approach, with a focus on the supply side and whether it will be able to meet the level of demand in the economy, rather than on the demand side [...]

Read the article
Economic Pulse
PMI: manufacturing price pressures continue to ease but remain elevated

PMI: manufacturing price pressures continue to ease but remain elevated

The global manufacturing PMI was stable in December and has hardly moved since the spring of 2021. However, this masks significant differences between countries. Focusing on the most recent data, the US and the euro area saw a slight decline [...]

Read the article
Economic Pulse
Latest minutes raise the alarm

Latest minutes raise the alarm

The Fed gets serious. Faced with an unprecedented increase in inflation (6.9% y/y in November, probably scarcely less in December) the Federal Reserve will tighten monetary policy more than previously expected.

Read the article
Economic Pulse
Slowdown confirmed 

Slowdown confirmed 

The indicators currently available for the end of last year suggest that Germany recorded weak growth at best in Q4 2021: a GDP contraction cannot be ruled out [...]

Read the article