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Most economies have experienced substantial transitions in the past 20 months due to COVID-related shutdowns and reopenings. At this time, some countries continue to open

Most economies have experienced substantial transitions in the past 20 months due to COVID-related shutdowns and reopenings. At this time, some countries continue to open their borders to trade and tourism while others are facing increasing infection rates and are imposing renewed school closures and heavy restrictions on travel, dining out, and public gatherings. Do you think the second-round or third-round restrictions would have the same impact on economic activity that we experienced from the first-round restrictions imposed in the second quarter of 2020? Have we learned new ways to conduct our daiily business so that the heavy restrictions would have less impact on GDP the second or third time? Can you cite examples of how we have adapted to the restrictions and reduced their impact?

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