Categories: Market Overview

Global coronavirus death toll hits 100,000, cases over 1.6 million

The number of deaths linked to the novel coronavirus reached 100,000 on Friday, as the tally of cases passed 1.6 million, according to a Reuters tally. The first death came in the central Chinese city of Wuhan on Jan. 9. It took 83 days for the first 50,000 deaths to be recorded and just eight more for the toll to climb to 100,000.

The toll has been accelerating at a daily rate of between 6% and 10% over the past week, and there were almost 7,300 deaths globally reported on Thursday. The death toll now compares with that of London’s Great Plague in the mid-1660s, which killed an estimated 100,000 people, about a third of the city’s population at the time.

But it is still far short of the so-called Spanish flu, which began in 1918 and is estimated to have killed more than 20 million people by the time it petered out in 1920. The novel coronavirus is believed to have emerged in a Wuhan market where wild animals were sold late last year. It quickly spread through China and around the world.

Much remains to be determined about it, including just how lethal it is. Estimates vary widely. Friday’s figures – 100,000 deaths of out 1.6 million cases – would suggest a fatality rate of 6.25% but many experts believe the actual rate is lower given that many mild and asymptomatic cases, when infected people don’t show symptoms, are not included in case totals.

Despite that, there are growing numbers of young adults and teenagers included in the global toll. While North America now accounts for more than 30% of cases, Europe has reported a disproportionate number of fatalities, as countries with older populations like Spain and Italy have been severely affected. Southern Europe alone accounts for more than a third of global deaths, despite recording just 20% of cases.

Global coronavirus death toll hits 100,000, cases over 1.6 million, Reuters, Apr 10

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This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

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