Today news
About the same in other media
OECD warns Omicron variant could cause severe global slowdown
Reading now: 977
theguardian.comWestern governments could be forced to bring in fresh emergency financial support for businesses and households if the Omicron coronavirus variant causes a severe global slowdown, a leading economic thinktank has warned.
Sounding the alarm as more cases are identified, the Organisation for Economic Co-operation and Development (OECD) said a renewed wave in the pandemic threatened to add to the existing strain on the world economy from persistently high levels of inflation.
Should Omicron prove more transmissible than other variants or more resistant to existing vaccines, it could exacerbate disruption to already battered supply chains and risk driving up inflation for a prolonged period, the Paris-based organisation said.
If it takes a more
Read more on theguardian.comAbout this in other media
Despite omicron risks, Invesco's top global strategist lists emerging markets — including China — as top 2022 investment picks cnbc.com /2 years ago
Omicron could cause tens of thousands of deaths in England, study says euronews.com /2 years ago
COVID: Omicron variant linked to increased risk of reinfection, claims study euronews.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
