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Finans

ABN Amro: Bliver der ny lokal nedlukning i USA?

Hugo Gaarden

onsdag 17. juni 2020 kl. 11:00

I flere amerikanske stater som Texas er der sket en stigning i antallet af corona-smittede, og det kan føre til en fornyet økonomisk nedlukning på lokalt plan. Staterne på Østkysten, især New York, har håndteret krisen helt anderledes end stater i Syden og Midtvesten. Generelt er der dog en stabilisering i USA, hvor der sker en gradvis genåbning af økonomien.

Uddrag fra ABN Amro:

Global Daily – What do resurgent US infections mean for the reopening?

US Macro: Reopening still on track for now, despite localised surges in cases – While national covid-19 case numbers in the US remain stable at 20,000-22,000 per day on average, this aggregate disguises significant differences between coastal states – which have been much more cautious in reopening their economies – and interior and southern states, where reopening has proceeded more swiftly and with fewer conditions needing to be met.

For instance, New York – which experienced by far the worst outbreak in the US – is only just now starting to reopen, and its daily case numbers have declined to 600-800 in recent days, from a peak of almost 12,000 per day in mid-April.

In contrast, case numbers in Texas have almost doubled, from a c.1000 daily pace when reopening began in early May, to over 2000 in recent days. Increased testing explains at least part of the rise in official case numbers for most states.

For instance, even in California – which has taken a very cautious approach to reopening – case numbers have spiked recently, while hospital admissions have continued declining. In Texas however, hospital admissions have started increasing in the past week or so, having been flat for most of the past two months.

But there are clear differences in approach per state – While the trends in Texas and other southern states are worrying, the governors of these states appear to take a rather sanguine view of them.

Texas Governor Abbott told reporters on Friday that there is “no real need to ratchet back the opening of businesses in the state” due to the number of hospital beds available in the state. Indeed, the data shows that even with the recent increase in hospitalisations, just over 25% of hospital beds remain available, with significant spare ICU capacity.

However, there is a clear difference with the reopening approach taken in New York for instance, where Governor Cuomo has set more strict conditions for reopening, such as having over 30% of hospital beds available and a 14-day decline in net hospitalisations.

On these two strict metrics alone, many southern states would already fail. Clearly, if current trends persist in the southern states, existing policy will be unsustainable and there could well be a need to reintroduce restrictions as healthcare systems approach capacity. However, the bar is also notably higher for rollbacks in these states.

 

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