With all eyes on the COVID-19 pandemic and how its impact will be felt over the coming weeks and months, people are being bombarded with all kinds of noise and speculation.
Between a deadly virus, looming economic effects, and numerous government shutdowns, it’s clear that a fertile breeding ground has been created for misinformation, rumors, conspiracy theories, hot takes, and other potentially misleading content.
7 Indispensable COVID-19 Resources
At Visual Capitalist, it’s our goal to use data-driven visuals to explain the world around us.
In the last week alone, we’ve had more than 10 million people visit our site — many of them trying to understand more about COVID-19 and its effects on the economy and society.
With that in mind, we thought we’d curate a list of quality information on the virus and its impact. These COVID-19 resources are all from fact-driven, reliable sources, with some of them even being created by our in-house team and shared to our free daily mailing list.
On the below list, we start with the more contextual resources (understanding how the virus works, pandemic history, etc.) and then progress to real-time dashboards and up-to-date data.
Click any image below to see the full resource or dashboard. Many are updated daily or in real-time.
1. How Coronaviruses Work
What is a coronavirus, and how does COVID-19 fit into the mix?
This educational scrolling infographic by SCMP walks you through some of the more familiar types of coronaviruses, how they spread, and how they affect the human body.
It also relates COVID-19 to other coronaviruses that cause diseases such as Mers, Sars, and even the common cold.
2. The History of Pandemics
On March 11th, the World Health Organization declared COVID-19 a pandemic.
In this infographic, we look at the data to show you the history of pandemics — all the way from the Black Death to how the current COVID-19 situation. It helps give the historical context on how bad a pandemic can be. It’s also updated every day so you can see how COVID-19 compares to the impact of these previous events.
3. Coronavirus Simulator: Limiting the Exponential Spread
Why does the virus spread at an exponential rate, and what techniques can be used to mitigate that spread?
This fantastic interactive page by the Washington Post actively simulates what happens when the virus spreads normally, contrasting it to how it may spread in a forced quarantine environment or when social distancing is practiced.
4. Real-time COVID-19 Map
If you haven’t seen this useful real-time dashboard by Johns Hopkins University yet, it’s worth bookmarking right now.
We check the resource every day, and it has the latest numbers for COVID-19 cases, deaths, recoveries, and more — and it’s all sorted by country and/or state and province. Importantly, it also updates in real-time, so you always know you are getting the latest numbers.
5. Which Countries are “Flattening the Curve”?
Our post on which countries are “flattening the curve” has had over a million views in the last week alone, and it features the above interactive graph from Our World in Data.
Go to the post itself to see a bigger version of the logarithmic chart, which plots the progress of different countries in flattening the curves of COVID-19 infections. The interactive chart updates daily based on the latest numbers, and you can actually search for any country by using the “Search” button. Using the filters on the right side, you can also sort by region as well.
6. Tracking the Coronavirus: The Latest Figures
Even though the Financial Times is a subscription-based website, it recently published this useful COVID-19 dashboard and made it accessible to everyone.
It features various charts and tables on the countries affected, as well as ongoing assessments on the economic damage caused by the virus. Like many of the other COVID-19 resources featured on this list, it is updated on a daily basis.
7. COVID-19 Stats and Research
The above graphic is one of many available on Our World in Data, a fantastic initiative led by economist Max Roser.
Their coronavirus research page has tons of stats, citations, and data for those that want to dive deeper into the situation. It’s also updated very regularly.
Bonus: The Coronavirus Explained, and What You Should Do
While this is less data-driven than the other pieces of content, this animated video by Kurzgesagt still provides a handy explainer on how the virus works.
It’s about eight minutes long, and might help you fill other knowledge gaps.
Please Share These Resources
At a time when misinformation can be dangerous and even deadly, it is worth spreading the above COVID-19 resources to your friends, family, and colleagues.
Many of the above resources are updated daily or they contain evergreen information, meaning they are not going to go out of date any time soon.
Wishing you a safe next few months,
– The Visual Capitalist team
PS: If you have any other great resources to share, please post them in the comments!
The Road to Recovery: Which Economies are Reopening?
We look at mobility rates as well as COVID-19 recovery rates for 41 economies, to see which countries are reopening for business.
The Road to Recovery: Which Economies are Reopening?
COVID-19 has brought the world to a halt—but after months of uncertainty, it seems that the situation is slowly taking a turn for the better.
Today’s chart measures the extent to which 41 major economies are reopening, by plotting two metrics for each country: the mobility rate and the COVID-19 recovery rate:
- Mobility Index
This refers to the change in activity around workplaces, subtracting activity around residences, measured as a percentage deviation from the baseline.
- COVID-19 Recovery Rate
The number of recovered cases in a country is measured as the percentage of total cases.
Data for the first measure comes from Google’s COVID-19 Community Mobility Reports, which relies on aggregated, anonymous location history data from individuals. Note that China does not show up in the graphic as the government bans Google services.
COVID-19 recovery rates rely on values from CoronaTracker, using aggregated information from multiple global and governmental databases such as WHO and CDC.
Reopening Economies, One Step at a Time
In general, the higher the mobility rate, the more economic activity this signifies. In most cases, mobility rate also correlates with a higher rate of recovered people in the population.
Here’s how these countries fare based on the above metrics.
|Country||Mobility Rate||Recovery Rate||Total Cases||Total Recovered|
Mobility data as of May 21, 2020 (Latest available). COVID-19 case data as of May 29, 2020.
In the main scatterplot visualization, we’ve taken things a step further, assigning these countries into four distinct quadrants:
1. High Mobility, High Recovery
High recovery rates are resulting in lifted restrictions for countries in this quadrant, and people are steadily returning to work.
New Zealand has earned praise for its early and effective pandemic response, allowing it to curtail the total number of cases. This has resulted in a 98% recovery rate, the highest of all countries. After almost 50 days of lockdown, the government is recommending a flexible four-day work week to boost the economy back up.
2. High Mobility, Low Recovery
Despite low COVID-19 related recoveries, mobility rates of countries in this quadrant remain higher than average. Some countries have loosened lockdown measures, while others did not have strict measures in place to begin with.
Brazil is an interesting case study to consider here. After deferring lockdown decisions to state and local levels, the country is now averaging the highest number of daily cases out of any country. On May 28th, for example, the country had 24,151 new cases and 1,067 new deaths.
3. Low Mobility, High Recovery
Countries in this quadrant are playing it safe, and holding off on reopening their economies until the population has fully recovered.
Italy, the once-epicenter for the crisis in Europe is understandably wary of cases rising back up to critical levels. As a result, it has opted to keep its activity to a minimum to try and boost the 65% recovery rate, even as it slowly emerges from over 10 weeks of lockdown.
4. Low Mobility, Low Recovery
Last but not least, people in these countries are cautiously remaining indoors as their governments continue to work on crisis response.
With a low 0.05% recovery rate, the United Kingdom has no immediate plans to reopen. A two-week lag time in reporting discharged patients from NHS services may also be contributing to this low number. Although new cases are leveling off, the country has the highest coronavirus-caused death toll across Europe.
The U.S. also sits in this quadrant with over 1.7 million cases and counting. Recently, some states have opted to ease restrictions on social and business activity, which could potentially result in case numbers climbing back up.
Over in Sweden, a controversial herd immunity strategy meant that the country continued business as usual amid the rest of Europe’s heightened regulations. Sweden’s COVID-19 recovery rate sits at only 13.9%, and the country’s -93% mobility rate implies that people have been taking their own precautions.
COVID-19’s Impact on the Future
It’s important to note that a “second wave” of new cases could upend plans to reopen economies. As countries reckon with these competing risks of health and economic activity, there is no clear answer around the right path to take.
COVID-19 is a catalyst for an entirely different future, but interestingly, it’s one that has been in the works for a while.
Without being melodramatic, COVID-19 is like the last nail in the coffin of globalization…The 2008-2009 crisis gave globalization a big hit, as did Brexit, as did the U.S.-China trade war, but COVID is taking it to a new level.
—Carmen Reinhart, incoming Chief Economist for the World Bank
Will there be any chance of returning to “normal” as we know it?
Charting the Rise and Fall of the Global Luxury Goods Market
This infographic charts the rise and fall of the $308 billion global personal luxury market, and explores what the coming year holds for its growth
The Rise and Fall of the Global Luxury Goods Market
Global demand for personal luxury goods has been steadily increasing for decades, resulting in an industry worth $308 billion in 2019.
However, the insatiable desire for consumers to own nice things was suddenly interrupted by the coming of COVID-19, and experts are predicting a brutal contraction of up to one-third of the current luxury good market size this year.
Will the industry bounce back? Or will it return as something noticeably different?
A Once Promising Trajectory
The global luxury goods market—which includes beauty, apparel, and accessories—has compounded at a 6% pace since the 1990s.
Recent years of growth in the personal luxury goods market can be mostly attributed to Chinese consumers. This geographic market accounted for 90% of total sales growth in 2019, followed by the Europe and the Americas.
Analysts suggest that China’s younger luxury goods consumers in particular have significant spending power, with an average spend of $6,000 (¥41,000) per person in pre-COVID times.
An Industry Now in Distress
The lethal combination of reduced foot traffic and decreased consumer spending in the first quarter of 2020 has brought the retail industry to its knees.
In fact, more than 80% of fashion and luxury players will experience financial distress as a result of extended store closures.
With iconic luxury retailers such as Neiman Marcus filing for bankruptcy, the pressure on the luxury industry is clear. It should be noted however, that companies who were experiencing distress before the COVID-19 outbreak will be the hardest hit.
Predicting the Collapse
In a recent report, Bain & Company estimated a 25% to 30% global luxury market contraction for the first quarter of 2020 based on several economic variables. They have also modeled three scenarios to predict the performance for the remainder of 2020.
- Optimistic scenario: A limited market contraction of 15% to 18%, assuming increased consumer demand for the second and third quarter of the year, roughly equating to a sales decline of $46 billion to $56 billion.
- Intermediate scenario: A moderate market contraction of between 22% and 25%, or $68 to $77 billion.
- Worst-case scenario: A steep contraction of between 30% and 35%, equating to $92 billion to $108 billion. This assumes a longer period of sales decline.
Although there are signs of recovery in China, the industry is not expected to fully return to 2019 levels until 2022 at the earliest. By that stage, the industry could have transformed entirely.
Changing Consumer Mindsets
Since the beginning of the pandemic, one-quarter of consumers have delayed purchasing luxury items. In fact, a portion of those who have delayed purchasing luxury goods are now considering entirely new avenues, such as seeking out cheaper alternatives.
However, most people surveyed claim that they will postpone buying luxury items until they can get a better deal on price.
This frugal mindset could spark an interesting behavioral shift, and set the stage for a new category to emerge from the ashes—the second-hand luxury market.
Numerous sources claim that pre-owned luxury could in fact overtake the traditional luxury market, and the pandemic economy could very well be a tipping point.
The Future of Luxury
Medium-term market growth could be driven by a number of factors, from a global growing middle class and their demand for luxury products, as well as retailers’ sudden shift to e-commerce.
While analysts can only rely on predictions to determine the future of personal luxury, it is clear that the industry is at a crossroads.
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