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Immunity.

I think the numbers show that countries who don't have a second wave had a strong first wave, where the lockdown came too late.

Examples: Italy, France, Germany

Then you have countries that had a strict lockdown on time, which resulted in rising rates as soon as lockdown was lifted.

Examples: Israel, Hong Kong, Singapore

Having said that, the latter countries do seem to fare better than the former, second wave or not.



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