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The harder the corona lockdown, the higher the economic costs Here the average stringency for Q1 2020 (https://covidtracker.bsg.ox.ac.uk/ ) correlated with the GDP loss from Q4 2019 to Q1 2020 (https://data.oecd.org/gdp/quarterly-gdp.htm …)pic.twitter.com/GIkvtIS7N4
The previous tweet only used OECD GDP data. EU just came out with their first draft GDP data for Q1. Adding this to the above gives this Europe-heavy graph https://ec.europa.eu/eurostat/documents/2995521/10294864/2-15052020-AP-EN.pdf/5a7ea909-e708-f3d3-8375-e2510298e1b8 …pic.twitter.com/Zb9QkkkKs7
Italy is in trouble
What`s your guess on the much better perfomance of Finland over Sweden?
Timing?
How is Q1 even relevant when timing is so different? Number for Sweden is much lower now. China and Italy were the first and drive much of the correlation. That's no sound analysis.
Agree, UK lockdown on 23/03, so of 13 weeks in Q1, only one lockdown week in data, Europe earlier, and China locked down for much of Q1. Most of US lockdown started 30/03, so why compare Q1 GDP change to severity? Seems meaningless, at least not like to like.
Be good to see this chart inclusive of deaths per population of CoVID-19
Break it down by starting times of the epidemic also. It's pretty misleading like this.
why misleading? It is average of stringency (so later starting time means lower value) and average of GDP impact for Q1 (meaning later starting time, less impact on GDP). Clearly, it would be great to have monthly or daily GDP, but we don't
You should probably repost that in December when quarters 2 & 3 are available, or would that not fit the agenda? You've accidentally missed a few countries from your chart by the way.
Thank god we left when we did don’t need to bail them all out
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