Cleveland Fed researcher measures COVID-19 by mortality rates and percentage changes, finds epidemic in US has a similar mortality rate to those in Europe and is more deadly than in China and South Korea
Comparing the trajectory of the COVID-19 epidemic in the United States to that of other countries can provide important insights into how the virus is progressing in the United States and the effectiveness of our response.
In this report, Cleveland Fed policy economist Joel Elvery argues that cumulative mortality rates and their percentage changes are the best available measures for comparing the trajectory of the COVID-19 epidemic in different countries. Based on these measures, Elvery finds the epidemic in the United States has a similar mortality rate to those in Europe and is more deadly than in China and South Korea.
In a follow-up report, Elvery will present similar trends for US states, particularly those of the Federal Reserve Bank of Cleveland’s Fourth District.