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FX weekly: The crisis is over (in the West)
Covid or rather Delta is back in the limelight as cases surge in e.g., UK and Spain, but the most interesting thing is now to follow the hospitalization data and not the case data, as it seems as if widespread vaccinations among risk groups have decoupled the relationship between cases and hospitalizations. It may be early days still, but the authors of this piece are tempted to claim that the Covid crisis is already over in countries with a decently efficient vaccination program. The link between cases and hospitalizations, as we knew it from 2020, seems to be broken as the vaccine effectively shields against severe ... (full story)