Where has the virus been controlled most efficiently with the most limited disorder in the business world and overall society?
Almost a year into the pandemic, people have started to acknowledge that there is no magic formula to stop the coronavirus, even with the invention of the vaccine, as the authorities talk about the necessity of achieving herd immunity. However, some countries have fared better than others and enjoyed relative normality thanks to strict measures, while others repeat lockdowns in the face of a second and even third wave as in Europe and the United States.
Bloomberg munched the figures to ascertain the most suitable places to be in the coronavirus period. According to the analyses of health and socioeconomic markers in 53 countries to identify where the pandemic is best experienced, there is no better place to face the pandemic than New Zealand and no place worse than Mexico.
Where do China and Italy stand vs. Vietnam and Turkey?
Bloomberg limited the ranking to countries whose economies are worth more than $200 billion.
In total, it analyzed the performance of 53 countries, including Japan (2nd), Vietnam (10th), Ireland (20th), Turkey (30th) and Italy (40th). As of early December, Finland ranks 5th in terms of its effectiveness in fighting the pandemic, followed by Norway in the sixth place and Denmark in the ninth.
Bloomberg assessed the nations in two sections according to 10 parameters, including the growth of the number of virus cases, overall mortality rate, testing capabilities, the number of vaccine supply agreements places, the capacity of the local health-care systems, the impact of virus-related restrictions like lockdowns on the economy, and citizens' freedom of movement.
The first section deals with the health situation and considers the incidence of cases and deaths per 100,000 inhabitants in a month, the total deaths per million inhabitants, the percentage of positive tests and access to vaccines. The second section assesses the quality of life and measures confinement restriction, citizen mobility, economic growth prospects in 2020, health access, and the human development index.
The countries that did well
Jacinda Arden's government in New Zealand has been praised for its strategy in the face of the pandemic, and this country is at the top of the Bloomberg list. In total, the country reaped 85.4 points in the ranking, and its most negative indicated is an economic fall of 6.1% of its Gross Domestic Product (GDP).
It should be noted that in all countries, except China, the projection falls or zero growth in GDP. New Zealand reacted quickly to the first cases of coronavirus and closed its borders to control the pandemic and prevent cases from entering the country. In addition, it developed an aggressive test and trace program and a clear and effective communication strategy.
New Zealand has practically eradicated the disease, and life has returned to considerable normality within its borders. New Zealand is followed by Japan, Taiwan, South Korea, Finland, Norway, Australia and China, all of which have above 80 points. Certain Asian countries also reacted quickly, confining areas with the highest incidence of infections and deploying a powerful strategy of tracking, mass tests and quarantines. It has allowed them to recover and even considerably maintain various social activities compared to other regions of the world.
The Asians that top the ranking also have a high human development index and outstanding access to health. For their part, Finland and Norway quickly closed their borders in March and restrictions on entering these countries continue to this day, allowing them to fight off the violence of the second wave that is shaking much of continental Europe.
The worst on the list
Mexico is the fourth country with the highest deaths after India, Brazil and the United States, with more than 100,000 deaths. Mexico has suffered the worst positivity percentage per test and mortality rate in the last month. Its total average was 37.6 points. At the bottom of the classification are immediately Argentina and Peru, with 41.1 and 41.6 points respectively. Colombia also made it into the worst 10 with 48.1 points, and Chile ranks 38th with 55.9.
Latin American countries have some of the worst death rates per million inhabitants despite enforcing strict national confinements, border closures and night curfews. They are also among the countries that will suffer the most economic blow, like Peru, which experiences the worst economic projection on the list with a 13.9% fall in GDP.
What does await the countries in the future?
The United States is the country with the highest number of coronavirus cases and coronavirus deaths in the world. As of December 7, the death toll has surpassed 288,900 and more than 15.1 million have been infected. However, it occupies the 18th position, especially due to a high human development index and remarkable health-care access. On the other hand, Bloomberg included only 53 countries leaving certain countries with smaller economies outside the analysis, although they fared well in their fight against the pandemic.
Bloomberg stated that the positions could change with updates while emphasizing that the gap between the countries on the top and bottom of the classification is likely to persist.