Covid-19 variant Omicron threatens US and global economies

The global economy could suffer a modest blow Omicron alternative to Covid-19Although the extent of the damage will depend on the strength of the pressure itself, economists say.

Tourism spending is likely to weaken, and so may spending on restaurants and shopping in stores. But compared to the initial wave of Covid-19 in March 2020 and the delta variant this summer, Omicron’s threat to economies Economists say it will likely be less severe, in part because each new virus strain has had a waning economic impact.


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