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I don't understand how your plots from OWID show that Omicron had higher CFR than Delta. The peak in weekly cases is about 5 times higher in February 2022 than October 2021 (from 128242/25730). But the peak in weekly deaths is about 23% lower in February 2022 than October 2021 (from 92/71):

wget covid.ourworldindata.org/data/owid-covid-data.csv

awk 'NR==1||/Singapore/' owid-covid-data.csv|csvtk cut -fdate,excess_mortality,new_cases,new_deaths|awk -F, '$3!=0'|csvtk pretty -s' '

You can see the same thing from this plot where I interpolated the weekly data at OWID into monthly data: i.ibb.co/M6MqC4N/singapore-monthly-wmd-owid.png.

The caption of your plot from Mortality Watch says that the plot has a 1999 to 2019 average baseline. But that doesn't match the data shown in the plot, because a 1999 to 2019 average shouldn't produce negative excess deaths in 2020: mortality.watch/explorer/?c=SGP&t=deaths&ct=monthly&df=1994%2520Jan&bf=1999%2520Jan.

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