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Across developed countries, stringency values have increased in Australia, Switzerland and the UK (Chart 1). The index value, a measure of government action, remains above the pandemic-average for all countries, except in the EU, Norway and New Zealand. Australia has the highest value on our list, which has been increasing since late June (Chart 3).
In developing countries, the average index value has increased to 61.5, up from 60.3 (vs 47.6 in developed countries). Malaysia has seen the largest rise (8.33) on last week (Chart 2), as cases rose and the government imposed mandatory quarantine for all new arrivals at selected facilities.
Turkey, Poland, India, Chile and the Philippines have also experienced increases. Chile has among the highest number of cases per 100,000 population in the world and scores highest on the stringency index. Brazil, on the other hand, experienced the largest decline in stringency value since our last report.
For more information on what is happening around the world, follow our COVID Tracker.
Bilal Hafeez is the CEO and Editor of Macro Hive. He spent over twenty years doing research at big banks – JPMorgan, Deutsche Bank, and Nomura, where he had various “Global Head” roles and did FX, rates and cross-markets research.
(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)