DEUFRA CAN ESP IND USA BEL KOR - Nash Family Wealth...0 0 0 0 200 20 0 0 0 0 0 0: n f d D - s s E ) d s d cases) 10,000 1,000 100 10 1 10 20 30 40 50 60 70 80 90 100 110 120 2 . World:

2,000,000

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20

Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020 Jun 2020

1. World: Evolution of confirmed COVID-19 cases and recoveriesTotal confirmed cases and recoveries

NBF Economics and Strategy (data via Johns Hopkins CSSE)

Confirmed

recoveries

Confirmed

cases# of people (log scale)

10,000

1,000

100

10

1

10 20 30 40 50 60 70 80 90 100 110 120

2. World: Evolution of confirmed COVID-19 cases for selected countriesCases per one million population, days since 1/1 000 000 person infected

NBF Economics and Strategy (data via Worldometers, Johns Hopkins CSSE)

CAN

KOR

FRADEU

BELUSA

Days since 1 case per million

ESP# of people (log scale)

IND

mailto:[email protected]?subject=COVID-19%20Daily%20Monitormailto:[email protected]?subject=COVID-19%20Daily%20Monitormailto:[email protected]?subject=COVID-19%20Daily%20Monitor

500

50

5

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10 20 30 40 50 60 70 80 90 100

3. Europe: COVID-19 deaths versus South KoreaDeaths per one million population, days since 1 death per million

NBF Economics and Strategy (data via Johns Hopkins CSSE, Worldometers)

SWE

KOR

Days since 1 death per million

GBR

DEU

BEL

FRA

ESP# of people (log scale)

DNK

NOR

500

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4. North America: COVID-19 deaths versus selected countriesDeaths per one million population, days since 1 death per million


CAN

KOR

USA

ESP

BEL


# of people (log scale)


5. Evolution of the COVID-19 pandemic, selected countries

Daily change in new cases and in total active cases, 3 day moving average (data via Johns Hopkins CSSE)

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NBF Economics and Strategy

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000 persons

New cases (left axis) New recoveries (left axis) Active cases (confirmed – recovered – deaths, right axis)


5. Evolution of the COVID-19 pandemic, selected countries (continued)

Daily change in new cases and in total active cases (data via Johns Hopkins CSSE)

.00

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New cases (left axis) New recoveries (left axis) Active cases (confirmed – recovered – deaths, right axis)


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6. Canada: COVID-19 deaths versus selected countriesDeaths per one million population, days since 1 death per million


SWE

QC


CAN

AB

BEL

BC

ON


USA

ESP

5,000

500

50

5

1

10 20 30 40 50 60 70 80 90 100 110 120

7. Canada: COVID-19 cases versus selected countriesDeaths per one million population, days since 1 death per million


SWE

QC


CAN

AB

BEL

BC

ON

# of people (log scale)USA

ESP


5,000

500

50

5

1

10 20 30 40 50 60 70 80 90 100 110 120

8. Latin America: COVID-19 cases versus selected countriesCases per one million population, days since 1 case per million

MEX

CAN

BRA

BELPER# of people (log scale)

CHL

ESP

1,000

100

10

1

10 20 30 40 50 60 70 80 90 100

9. Latin America: COVID-19 deaths versus selected countriesDeaths per one million population, days since 1 case per million

NBF Economics and Strategy (data via https://coronavirus.jhu.edu/map.html, Worldometers)

MEX


CANBRA

BEL

PER


CHL

ESP


10. World: Evolution of new confirmed cases, selected countriesNew daily cases by one million population, 7-day moving average


2020-04-15 2020-04-22 2020-04-29 2020-05-06 2020-05-13 2020-05-20 2020-05-27 2020-06-03 2020-06-10 cumulative

Brazil 8.17 11.72 22.80 31.54 42.69 68.18 80.81 115.73 126.62 3634

Sweden 48.59 56.48 59.54 50.09 55.28 50.06 49.38 79.16 83.26 4539

United States 89.64 88.04 86.13 81.75 69.52 69.68 63.58 65.75 64.28 6044

South Africa 1.59 2.72 4.13 5.92 10.28 14.28 19.11 27.91 43.11 934

Portugal 69.33 54.50 35.34 23.49 27.31 21.40 22.86 27.58 32.76 3490

Mexico 2.95 5.20 8.04 10.90 13.91 18.18 23.74 25.72 30.96 1002

United Kingdom 79.43 73.69 66.76 75.50 60.19 39.12 39.87 26.55 21.65 4274

Israel 51.11 32.96 22.05 7.86 3.93 1.96 2.08 9.64 16.14 2121

Canada 34.72 43.48 43.63 44.61 33.89 29.76 27.84 21.32 15.62 2559

Netherlands 63.90 56.21 33.28 21.15 15.90 10.39 11.10 8.11 11.38 2829

Turkey 52.79 49.60 32.04 23.98 19.26 16.05 12.21 11.22 11.20 2052

Belgium 125.35 102.50 73.59 36.02 39.44 24.68 19.83 13.47 10.90 5140

India 0.66 0.94 1.21 2.06 2.60 3.52 4.77 6.08 6.19 200

Denmark 31.54 30.36 27.03 22.94 17.98 11.10 8.95 7.18 6.04 2075

Spain 89.69 93.72 13.80 22.58 25.50 11.78 11.29 12.40 5.96 5170

Italy 60.78 52.37 38.41 25.66 18.06 12.42 8.92 6.37 4.55 3898

Germany 36.62 27.12 18.59 11.30 10.13 7.47 5.21 4.43 4.10 2228

Austria 22.13 9.35 7.57 4.48 4.97 5.65 3.78 2.86 3.71 1889

Finland 19.34 23.00 20.03 17.20 12.40 10.03 6.42 5.65 3.33 1270

Norway 17.23 15.76 9.80 7.54 4.72 2.79 3.16 2.00 3.08 1585

Switzerland 51.10 32.30 19.04 10.92 5.90 4.10 1.97 1.96 1.97 3630

South Korea 0.58 0.29 0.20 0.13 0.50 0.37 0.62 0.79 0.89 233

Japan 4.33 3.84 2.68 1.53 0.90 0.36 0.32 0.24 0.31 135

China 0.05 0.05 0.01 0.00 0.00 0.00 0.00 0.00 0.00 53

France 110.43 48.71 22.73 16.14 7.70 6.76 2.14 19.25 -1.84 2882

11. World: Evolution of new deaths, selected countriesNew daily deaths by one million population, 7-day moving average


2020-04-15 2020-04-22 2020-04-29 2020-05-06 2020-05-13 2020-05-20 2020-05-27 2020-06-03 2020-06-10 cumulative

Brazil 0.62 0.79 1.75 2.07 3.13 3.78 4.53 4.67 4.79 187

Mexico 0.30 0.58 0.84 1.08 1.68 2.07 2.78 3.47 4.02 119

Sweden 7.31 10.40 7.44 6.79 7.35 5.26 5.51 4.56 3.58 476

United Kingdom 11.77 11.39 16.83 8.37 6.54 5.30 3.70 4.77 2.95 606

United States 5.89 7.89 6.22 5.39 4.62 4.03 3.02 2.92 2.49 342

Canada 2.25 3.80 4.01 4.60 4.02 2.75 2.73 2.65 1.74 212

Belgium 27.12 22.46 15.27 10.33 6.21 3.78 2.64 1.95 1.32 831

Italy 9.39 8.12 6.13 4.73 3.36 2.89 1.75 1.25 1.21 564

South Africa 0.04 0.07 0.09 0.12 0.16 0.29 0.51 0.58 1.01 20

Portugal 3.07 2.61 2.63 1.62 1.20 1.23 1.30 1.27 0.70 147

France 13.75 9.11 6.02 3.76 2.76 2.30 1.01 0.92 0.64 448

Netherlands 7.45 7.73 5.52 4.14 3.01 1.56 1.03 0.89 0.55 355

Denmark 2.24 1.85 1.46 1.55 0.67 0.52 0.27 0.37 0.32 102

Switzerland 5.75 4.51 3.46 1.49 1.09 0.37 0.42 0.07 0.25 227

Germany 2.38 2.44 1.77 1.30 0.93 0.52 0.45 0.26 0.23 101

Turkey 1.20 1.45 1.19 0.85 0.62 0.46 0.35 0.30 0.23 56

India 0.02 0.03 0.04 0.07 0.08 0.09 0.11 0.16 0.17 6

Israel 0.94 0.97 0.43 0.40 0.41 0.25 0.03 0.17 0.13 35

Finland 0.83 1.99 1.47 1.19 0.83 0.52 0.23 0.21 0.08 58

Norway 1.29 0.98 0.53 0.24 0.34 0.13 0.03 0.05 0.05 44

Austria 1.90 1.86 1.11 0.44 0.25 0.14 0.19 0.40 0.05 75

Spain 11.97 9.19 7.82 4.83 2.99 0.00 0.86 0.03 0.02 580

Japan 0.06 0.15 0.15 0.16 0.14 0.10 0.10 0.05 0.02 7

South Korea 0.07 0.04 0.03 0.03 0.01 0.01 0.01 0.01 0.01 5

China 0.00 0.13 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2


12. Canada: Evolution of new casesNew daily cases by one million population, 7-day moving average

NBF Economics and Strategy (data via Government of Canada, Johns Hopkins CSSE)

2020-04-15 2020-04-22 2020-04-29 2020-05-06 2020-05-13 2020-05-20 2020-05-27 2020-06-03 2020-06-10 cumulative

Quebec 81.30 102.79 95.04 130.04 94.39 81.40 73.47 46.22 24.53 6286

Ontario 31.09 51.68 31.96 28.75 25.55 26.29 26.92 26.08 22.87 2259

Alberta 16.24 50.04 57.65 26.08 14.51 10.72 6.24 4.90 6.54 1665

British Columbia 6.37 7.83 8.23 4.73 3.41 2.56 2.34 2.06 1.61 526

Saskatchewan 5.35 2.68 6.94 15.70 7.91 5.23 2.07 1.22 1.34 560

Nova Scotia 35.15 32.80 23.97 9.26 3.82 3.09 1.18 0.74 0.44 1092

Manitoba 3.03 1.15 1.88 1.15 0.42 0.00 0.21 0.63 0.21 219

New-Brunswick 2.21 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 151

Newfounland 5.20 2.47 0.55 0.27 0.55 -0.27 0.00 0.27 0.00 500

Prince Edward Island 0.91 0.00 0.91 0.00 0.00 0.00 0.00 0.00 0.00 172

13. Canada: Evolution of new deathsNew daily deaths by one million population, 7-day moving average

NBF Economics and Strategy (data via Government of Canada, Johns Hopkins CSSE)

2020-04-15 2020-04-22 2020-04-29 2020-05-06 2020-05-13 2020-05-20 2020-05-27 2020-06-03 2020-06-10 cumulative

Quebec 5.25 10.89 10.57 12.61 11.95 8.37 8.59 9.53 4.83 1 599

Ontario 2.27 3.70 3.83 3.99 3.17 1.80 1.77 1.23 1.59 2 174

Nova Scotia 0.29 1.32 2.35 1.91 1.47 0.88 0.29 0.15 0.29 3 64

Saskatchewan 0.12 0.00 0.24 0.00 0.00 0.12 0.37 0.12 0.24 6 11

Alberta 0.72 0.59 0.69 0.82 0.26 0.26 0.42 0.13 0.20 5 35

New-Brunswick 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.18 6 1

British Columbia 0.82 0.51 0.54 0.42 0.23 0.48 0.37 0.11 0.03 4 32

Manitoba 0.21 0.10 0.00 0.10 0.00 0.00 0.00 0.00 0.00 6 5

Prince Edward Island 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6 0

Newfoundland 0.55 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6 6


-10

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14. New York: Then vs nowWeekly deaths per 100 000 population: 1918 pandemic vs COVID-19 (COVID-19 last obs.: May 31 to June 6)

Weekly deaths per 100 000 population

NBF Economics and Strategy (data via Johns Hopkins CSSE, Wikipedia, Markel and al. Nonpharmaceutical Interventions Implemented

During the 1918-1919 Influenza Pandemic)

COVID-19

1918 pandemic

# of weeksWeek 1: September 14 1918/ March 14 2020

Shaded area represents length of nonpharmaceutical interventions in

1918, line represent start of measures in 2020

32.3

46.9

16.1

4.7

23.1

64.0

8.5

4.4

0

10

20

30

40

50

60

70

80

90

less than 15 15-44 45-64 65 and over

Proportion ofpopulation

Proportion ofinfluenza andpneumonia deaths

15. United States: Perspective on pandemic related deaths

NBF Economy and Strategy (data via CDC, Census Bureau)

18.6

39.7

25.8

16.0

0.002.5

16.8

80.7

0

10

20

30

40

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less than 15 15-44 45-64 65 and over

Proportion ofpopulation

Proportion ofCOVID-19 deaths

Spanish flu (1918) COVID-19 (as of May 30)

% %

AgeAge


-50

-40

-30

-20

-10

0

New York Miami Toronto Paris Rome Montreal Madrid Stockhom

Worst week Current

16. World: Perspective on trafficDifference in congestion level vs 2019 from 6am to 6pm, 7 day moving average (last obs.: May 31 - June 6)

NBF Economics and Strategy (data via Tom Tom Traffic)

Percentage points

-100

-90

-80

-70

-60

-50

-40

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-20

-10

0

10

Feb 2020 Mar 2020 Apr 2020 May 2020 Jun 2020

17. World: Perspective on restaurant reservationsYear over year change in restaurant reservations, 7 day moving average (last obs.: June 9)

y/y change

NBF Economics and Strategy (data via Open Table)

CAN

USA

GBR

DEU

Global


-80

-70

-60

-50

-40

-30

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0

10


18. World: Back to normal indexGoogle mobility data for retail & recreation, grocery & pharmacy, transit and workplaces, 7-day mov. average

% change from baseline*

SWE

USA

CANITA

GBR

FRA

ESP

*The baseline is the median value of the corresponding day of the week during the 5 week period from January 3 to February 6

NBF Economics and Strategy (data via Google)

-80

-70

-60

-50

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0

10


19. Canada: Back to normal indexGoogle mobility data for retail & recreation, grocery & pharmacy, transit and workplaces, 7-day mov. average

*The baseline is the median value of the corresponding day of the week during the 5 week period from January 3 to February 6

NBF Economics and Strategy (data via Google)

% change from baseline*

CA

AB

QC

BC

ON


-1.0

-0.5

0.0

0.5

1.0

1.5

2.0

2.5

3.0

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4.5

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2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

20. Canada: Perspective on financial stressNBF financial stress index

Stdev

NBF Economics and Strategy (data via Bloomberg and Refinitiv)

Lehman bankruptcy

and AIG bailout

U.S. government

credit downgrade

and Eurozone

crisis

Fear of Chinese

recession and

petrol supply

shock

COVID-19

outbreak and

OPEC/Russia oil

price war

NBF Financial Stress Index for Canada

Beta S&P/TSX financials β = cov(r,m)/var(m) calculated daily over a rolling 1- year time horizon, where r = daily percentage change in the

S&P/TSX Financials Total Returns Index. m = daily percentage change in the S&P/TSX Total Returns Index.

Financials bond yield spreadApproximated by the AA-rated long-term corporate bond yield, of which most constituents are financial issuers,

minus the 10-year Canadian government bond yield.

S&P/TSX equity risk premium proxyThe S&P/TSX 12-month forward earnings divided by the price of the index minus the 10-year Canadian

government bond yield.

S&P/TSX historical 1-month volatility 1-month historical volatility of the S&P/TSX.

USD/CAD historical 1-month volatility 1-month historical volatility of the USD/CAD exchange rate.

BBB rated corporate bond yield spread BBB rated long-term corporate bond yield minus the 10-year Canadian government bond yield.

Provincical spread Long-term provincial government bond yield minus the 10-year Canadian government bond yield.

Source: NBF Economics and Strategy (data via Bloomberg and Refinitiv)

Variables Estimation


Documents

DEUFRA CAN ESP IND USA BEL KOR - Nash Family Wealth...0 0 0 0 200 20 0 0 0 0 0 0: n f d D - s s E ) d s d cases) 10,000 1,000 100 10 1 10 20 30 40 50 60 70 80 90 100 110 120 2 . World: