Fig. 4.

Public health and economic impacts of COVID-19

Notes: Excess deaths calculated as the difference between the cumulated total deaths per 100,000 residents during each week of 2020 and the average cumulated deaths for the same week in the years 2015-2019. Week 14 corresponds to cumulated excess deaths until the first week of April, and week 26 corresponds to comulated excess deaths until the last week of June. The size of the balloons represents the overall GDP reduction estimated by our model until the end of our sample (26-08-2020). Dashed line represents the best fitting local linear regression via non-parametric estimation.