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Across developed countries, Japan’s stringency value is the only one to have moved since our last report (Chart 1). The index value, a measure of government action, has moved above the country’s long-term average and comes on the back of a rise in the number of COVID-19 cases. New Zealand and Europe are the lowest scorers on the list.
In developing countries, index values remain high, with an average value of 60.3 (vs 46.4 in developed countries). South Africa’s score has fallen (Chart 2), but remains above the country’s average. Turkey and Malaysia are the only two other countries to have seen a fall in their weekly averages (Chart 3).
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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.
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