Page 559 - ES 2020-21_Volume-1-2 [28-01-21]

186 Economic Survey 2020-21 Volume 2

Figure 22: Trends in international commodity prices (yoy growth)

Note: 1. First human to human transmission of COVID-19 confirmed in January, 2020
2. Restrictions on economic activity imposed in major economies in March, 2020
3. Restrictions start being lifted in major economies.
Source: World Bank; WHO; https://www.reuters.com/article/us-health-coronavirus-timeline-idUSKBN23Z0UW

Figure 23: Global Economic Policy Uncertainty (GEPU) and Gold Prices, yoy change

Source: Baker, Scott R., Bloom, Nick and Davis, Stephen J., Global Economic Policy Uncertainty Index:
Current Price Adjusted GDP [GEPUCURRENT], retrieved from FRED, Federal Reserve Bank of St. Louis;
https://fred.stlouisfed.org/series/GEPUCURRENT. Gold prices from World Bank
Note: The Global Economic Policy Uncertainty Index is a GDP-weighted average of national EPU indices for
20 countries: Australia, Brazil, Canada, Chile, China, France, Germany, Greece, India, Ireland, Italy, Japan,
Mexico, the Netherlands, Russia, South Korea, Spain, Sweden, the United Kingdom, and the United States.