Lockdown Stringency Has Largest Impact in Spain, France, U.S.

(Bloomberg) --
A 10-point increase in lockdown stringency leads to a 4% drop in economic activity on average, according to Bloomberg Economics analysis of data from the Oxford Covid-19 Government Response Tracker. Yet the headline result masks differences between countries. In Spain, France and the U.S., unit increases in the stringency of lockdown appear to have a larger impact on activity, while in Canada, Australia, and Sweden, the impact seems to be smaller.

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