30/8/20: COVID19 Update: U.S. vs EU27

 Updating charts for COVID19 pandemic for EU27 and the U.S.:

As per above two charts:

• Deaths per capita: the U.S. has overtaken the EU27 since May 18, and the trend for the U.S. continues to be worse than that for the EU27.
• EU27 death rate per capita has effectively flattened-out at around 303-308 per 1 million prior to August 2, 2020, but is rising once again since then (313.0 currently).
• U.S. deaths per capita continue to increase (555.6 currently).
• Overall counts of deaths in the U.S. are now above the EU27, since July 12, with current excess gap at +42,946 up from +15,413 a month ago. 
• In other words, despite the facts that (1) EU27 population is significantly larger than that of the U.S., (2) The U.S. onset of pandemic is of later vintage than that of the EU27, allowing for more significant impact of learning and pre-peak preparations in the U.S., and (3) The U.S. demographic being younger than of the EU27, the U.S. has experienced almost 43,000 more deaths than the EU27.
• The U.S. has a vastly higher death rate per 1 million population than the EU27 rate:  Current death rate per 1 million of population in the U.S. is 555.6; Current death rate per 1 million of population in the EU27 is 313.0.
• Put differently, current U.S. death rate per capita is 77 percent above that for the EU27. 
• Overall counts of deaths in the U.S. are now above the EU27, since July 12, with current excess gap at +42,946 up from +15,413 a month ago.

Per above charts and table:

• The U.S. is still experiencing its first wave of infections. 
• The trend in the U.S. suggest that the peak infection has taken place in the second half of July. 
• The EU27 daily counts of new cases are on a sustained and rapid rise since mid-July and currently exceed the levels at which the original EU lockdowns were imposed. In fact, new cases counts are now approaching prior peak for the EU27.
• U.S. deaths are continuing to run substantially above those in the EU27.  
• Adjusting these for vintage of cases, expanded learning curve in treatments and testing that the later pandemic onset in  the U.S. implies, this severely poor performance of the U.S. cannot be explained by any factors other than political decisions and the dismal state of public health system.
• Since mid-July, EU27 new cases are now trending slightly up once again, and deaths are starting or rise as well.
• The table above shows that during August, 892 more Americans died a day, on average, compared to the residents of the EU27. Given the fact that the U.S. deaths reporting is more lagged and less consistent that for the EU27, this number is likely an underestimate of the true extent of the gap. 
• Notably, higher deaths in the U.S. in August are in excess of the same in June and July.

Perhaps the best way to summarize thee bleak reality of the U.S. numbers is by relating these to relative shares of world population: