UK fact of the day

#COVID19 mortality in UK hospital patients has been falling steadily from >6% in March to ~1% now, with similar trends elsewhere. The reasons behind this pattern remain unclear, but #COVID19 Infection Fatality Rates will likely have to be revised downward.

That is from Francis Balloux.  And again here is the source link.  And please do not conclude the virus is becoming less dangerous, that is not a necessary implication of the above!  Alternative explanations are given at the latter link.  Most broadly, I will say it again: if your model does not have long-run elasticities as much greater than short-run elasticities, it is likely to be off in some significant ways.


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