Written by Steven Hansen
The U.S. new coronavirus total daily death count returned to trend after yesterday’s huge spike [the trend for deaths continues to worsen and has yet to level off], whilst the number of confirmed cases today rose over 1,500 to 31,667. Following is a set of interactive graphs and tables for the world and individual states – as well as today’s headlines on coronavirus.
Coronavirus Economic News
The New York Fed released its Nowcast GDP forecast which shows -0.4 % for 2020:Q1 and -7.9 % for 2020:Q2.
Over 1/5th of the coronavirus deaths in the U.S. have been tied to nursing homes according to the New York Times.
Texas has begun easing pandemic restrictions:
Next week, though, Texas will allow a resumption of retail “to go” service, let health care providers perform more elective procedures and reopen state parks.
China’s 1Q2020 GDP declined 6.8% year-over-year – and is the only decline recorded since 1992 when GDP records began;
MASAAKI KANNO, CHIEF ECONOMIST, SONY FINANCIAL HOLDINGS, TOKYO
“It was already known that there would be a sharp contraction in the first quarter, so the point is what recovery there will be from the April-June quarter.”
“Japan and the United States are likely to have large negative gross domestic product figures in April-June, so if China will recover, I think it will become a source of hope to the world economy. But the problem is that China’s external demand will remain insufficient, so we can’t have hopes of enough growth based only on domestic demand.”
Today’s Economic Releases Impacted By The Pandemic With Hyperlinks
15 April 2020 Fed’s Balance Sheet Up Over $2.4 Trillion From One Year Ago
10 April 2020 ECRI’s WLI Moves Deeper Into Contraction
March 2020 Leading Economic Index Suffers Largest Decline in Index’s 60-Year History
Rail Week Ending 11 April 2020 – Rail Decline Continues
Coronavirus Charts
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