Date: 2025-01-15 Page is: DBtxt003.php txt00018799
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Charles | Knoema
Charles | Knoema ... Covid's long lasting effects
Peter Burgess
Charles | Knoema
2:15 PM (1 hour ago) to me
Back in March when China’s Customs Administration published its much delayed combined January-February trade figures, we wrote about the implications this would have for its economic growth figures in 1Q2020. One month later the data bore this out and we saw the first economic contraction in China since 1992.
China is not alone. Yet, it’s evident that COVID-19 will have uneven economic consequences across countries and within. Consider just one figure - the starting debt positions of countries, a topic we cover in today’s article on COVID-19 and long-term global development trends. The debt position of countries constrain the policy responses available during crisis periods, including the capacity to mobilize effective stimulus packages.
Industries are likewise on uneven ground, some destined to be whittled down under the pressure of COVID-19, while others, like package tracking and deliveries services, will thrive.
We invite you to explore these themes with us in today’s newsletter.
Interested in featuring your COVID-related data in a future issue? Have a topic you would like Knoema to highlight? We welcome your submissions via DataDriven@knoema.com.
Unprecedented April for Package Tracking and Delivery Company Apps
As self-isolation mode continues across the globe, consumers waiting out the pandemic from home are relying more heavily on delivery services for personal and business essentials. Apptopia data allows you to track the growth in downloads of delivery and order tracking apps as a measure of economic activity and even (eventually) a settling into a new normal level for this industry.
Read on Long Lasting Effects of Coronavirus Pandemic on Key Global Development Trends
The COVID-19 pandemic is not changing the path of global development but accelerating trends that were simply under the radar prior to the pandemic. Explore the data behind three trends in global economic development: (1) more resilient, more local supply chains, (2) even more rapid technological innovation, and (3) growing debt burdens and the (temporary) output gap.
Read on
Insights Around the Web
Recent research demonstrates that after mitigation efforts are relaxed, COVID-19 epidemic will come roaring back over the next few months. Source
Total global military expenditures rose to $1.9 trillion in 2019, an increase of 3.6% from 2018 and the largest annual growth in spending since 2010. The five largest spenders in 2019, which accounted for 62 per cent of expenditure, were the United States, China, India, Russia and Saudi Arabia. Source
While scientists around the world struggle to predict the future of COVID-19 pandemic, analysis of COVID-19 models’ results reveals that predictions using more complex models may not be more reliable compared to using a simpler model. This finding can be explained by lack of information on pandemic and human behavior. Source
Italy enters 'phase 2' of its lockdown as companies reopen with social distancing measures in place. This second phase of lockdown means that in addition to home delivery, restaurants will now be open for takeout. Funeral services can be attended by up to 15 people provided everyone wears a mask. As a result, about 4.4 million Italians returned to work Monday, May 4, 2020. Source
As a result of the COVID-19 pandemic 80 economies worldwide have introduced export prohibitions or restrictions, including 46 members of the World Trade Organization (72 if EU member states are counted individually) and eight non-WTO members. The products covered prohibitions and restrictions vary from medical supplies to foodstuffs. Source
Alt Data Discoveries
Interested in which U.S. zipcodes are experiencing the most economic hardship?
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Tracking Bankruptcies & Delinquencies with Credit Agency Data
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Manufacturing ISM Report on Business-PMI Data Source: Institute for Supply Management
The Institute for Supply Management (ISM) US Manufacturing Purchasing Managers Index (PMI) offers monthly insight into new orders, production, industries, and employment, among other breakouts. Last month the US PMI plummeted to 41.5, the lowest level in 11 years. The employment index also declined, reflecting around 30 million claims for unemployment benefits over the last few weeks. Chart View
Italy's Government Bond Yield Data Source: Bank of Italy
Examine monthly Italy’s bond yield rates ranging from 3-year to 30-year and dating back to 1988 in this dataset. The spread between 10 year and 3 year rates declined to 0.85 points in March from 0.95 point in February as the European Central Bank poured more cheap cash into the economy to aid recovery and scaled up its bond-buying scheme to keep borrowing costs low. Chart View
Electricity Consumption in Brazil Data Source: The Energy Research Office, Brazil
The dataset covers electricity consumption disaggregated in commercial, residential, and industrial in Brazil over the last 15 years. In March, commercial electricity consumption declined 2.5% MoM and 3.07% YoY., a reflection of slowing economic activity in Brazil. ... [Message clipped] View entire message