Showing posts with label #BRICS. Show all posts
Showing posts with label #BRICS. Show all posts

Friday, June 12, 2020

12/6/20: Russia COVID19 Update


Updating data for Russia on cases and deaths:


Russian cases trends remain uncomfortably high and showing no indication of a significant moderation. In the last seven days, new case counts cumulatively fell from 70,920 in the period through 05/06/2020 to 61,328 in the period of the seven days through 12/06/2020. Note: I am using ECDC data based on European time of reporting. While notionally, this shows a decline in the number of new cases reported over the seven days period, this decline is not significant enough to herald abatement of the pandemic pressures, nor is it sustained over the longer period of time, yet. 

Omitting the aberrational outlier in the new cases reported on 02/06/2020, current daily new cases counts are very narrowly in line with the daily counts reported starting from May 17, 2020.

In other words, daily cases data does not support a proposition that Russia should be lifting pandemic containment measures at this time.

Death counts are also relatively stable, and once again omitting the reporting outlier on 02/06/2020, Russia's death counts on the daily basis continue to run within the range that has been established since 21/05/2020. 

Here the death rates (adjusted and unadjusted) for per-1,000 cases basis:


Russia continues to report lower per-case death rates than BRIICS peers. In fact, amongst the countries with more than 10,000 cases recorded (50 countries with the highest case numbers), Russia's current death per 1,000 cases rate ranks 44th, with just 6 other countries reporting lower rate. In contrast, Russia ranks 19th highest in the group in the number of cases per 1 million population, and 28th highest in death rate per 1 million population. Interestingly, on the combined ranks measure across three metrics, Russia is statistically 'average' within the group of 50 countries heaviest hit by the pandemic. The same stands for the median (given that data is severely non-Gaussian, we have to consider both, and more). 

Monday, June 1, 2020

1/6/20: 3 months of COVID19 impact: BRIC Manufacturing PMIs


BRIC Manufacturing PMIs are out for May, showing some marginal improvements in the sector. However, of all four economies, China is the only one that is currently posting activity reading within the statistical range of zero--to-positive growth. Brazil, Russia and India remain deeply underwater.

Please note, these are quarterly PMIs, not monthly, based on GDP-weighted shares of manufacturing sectors and monthly PMI data points. 

Tuesday, May 26, 2020

26/5/20: BRICS Growth Forecasts


BRICS and other major emerging economies: growth impact of COVID19


Note: Arrows indicate the change in Bloomberg consensus forecasts for growth and inflation from 2019 to 2020
Source: Bloomberg, Macrobond Financial, Danske Bank

Wednesday, May 20, 2020

20/5/20: BRIICS and G7: COVID19 Stats Summary

Given the amount of politicised vitriol surrounding the U.S., European, Russian, and now also Brazil data reporting, here is a snapshot of reported cases and deaths numbers for a range of countries:



Note: for G7, the '0.3' number reported in the last cell should read 258.7 instead.