If followed, it would likely limit the size of future international rescue packages, since the size BIS Review 47/1999  4  of such packages is often related to the size of a country s short-term liabilities less its reserves. In applying any simple rule, it is important to anticipate endeavours to get around it.
Private consumption has picked up gradually as a trend, but downward pressure has increased recently on consumption of face-to-face services, such as eating and drinking as well as accommodations (Chart 4). The Consumption Activity Index (CAI) shows that goods consumption has continued to pick up on the whole, whereas improvement in services consumption has leveled off due to the resurgence of COVID-19.