Comparing Coronavirus Economic and Health Impacts Across Nations

Comparing Coronavirus Economic and Health Impacts Across Nations

A Simple Multivariate Analysis of the Covid Pandemic. A few weeks ago, the IMF released its June 2020 world economic outlook and it makes for grim reading. The agency predicts that global gross domestic product (GDP) will decline by 4.9% this year. Should we care? After all, people have long criticized GDP as a terrible metric for the health of a nation. Does a decline in GDP really matter when people are sick and dying?

A few weeks ago, the IMF released its June 2020 world economic outlook and it makes for grim reading. The agency predicts that global gross domestic product (GDP) will decline by 4.9% this year. Should we care? After all, people have long criticized GDP as a terrible metric for the health of a nation. Does a decline in GDP really matter when people are sick and dying?

Luckily we are not limited to analyzing global health based on a single variable, and even economists have caught up to this fact. They now have another metric to track. Like us, IMF staffers probably start every morning by opening dashboards that tally coronavirus infections and deaths. Just as the 2007 financial crisis made everyone amateur economists, this crisis is making us all amateur epidemiologists. And, like a county’s stock market or GDP, coronavirus infection rates can represent the strength and health of a nation.

Image for post

Which metric are we tracking today? — Photo by Austin Distel on Unsplash

To get a better understanding of how the world is facing this virus I have collected both economic and health data across nations. One main input will be the virus spread measured in infections per 1M people. The other will be a nation’s economic growth rate measured as a percentage of GDP growth. Easy enough, let’s get to it.

covid19 coronavirus business economics data-science

Bootstrap 5 Complete Course with Examples

Bootstrap 5 Tutorial - Bootstrap 5 Crash Course for Beginners

Nest.JS Tutorial for Beginners

Hello Vue 3: A First Look at Vue 3 and the Composition API

Building a simple Applications with Vue 3

Deno Crash Course: Explore Deno and Create a full REST API with Deno

How to Build a Real-time Chat App with Deno and WebSockets

Convert HTML to Markdown Online

HTML entity encoder decoder Online

50 Data Science Jobs That Opened Just Last Week

Data Science and Analytics market evolves to adapt to the constantly changing economic and business environments. Our latest survey report suggests that as the overall Data Science and Analytics market evolves to adapt to the constantly changing economic and business environments, data scientists and AI practitioners should be aware of the skills and tools that the broader community is working on. A good grip in these skills will further help data science enthusiasts to get the best jobs that various industries in their data science functions are offering.

Data Science With Python Training | Python Data Science Course | Intellipaat

🔵 Intellipaat Data Science with Python course: https://intellipaat.com/python-for-data-science-training/In this Data Science With Python Training video, you...

Applications Of Data Science On 3D Imagery Data

The agenda of the talk included an introduction to 3D data, its applications and case studies, 3D data alignment and more.

Data Science Course in Dallas

Become a data analysis expert using the R programming language in this [data science](https://360digitmg.com/usa/data-science-using-python-and-r-programming-in-dallas "data science") certification training in Dallas, TX. You will master data...

32 Data Sets to Uplift your Skills in Data Science | Data Sets

Need a data set to practice with? Data Science Dojo has created an archive of 32 data sets for you to use to practice and improve your skills as a data scientist.