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New variants increase uncertainty in the world economy

As everyone thought things were slowly returning to normal, the Omicron variant of COVID-19 questioned global economic growth and increased existing uncertainty. It also means that the supply chain will become even more tense if blockades and travel bans are re-imposed to curb the spread of new variants.

In Europe, Austria and Slovakia are currently under a 14-day blockade. Japan has banned all foreigners from entering the country, and the United States has banned all round-trip flights from South Africa, Botswana, Zimbabwe, Namibia, Lesotho, Eswatini, Mozambique and Malawi. Stops Omicron variants from reaching the coast.

These announcements also indirectly weaken the spirit of the festival, making it less likely that people will go shopping for Christmas as expected two weeks ago. Similarly, companies are less optimistic than they used to be and may rethink their plans for future expansion. The new variant also made it difficult for economists to predict the economic outlook.

As everyone thought things were slowly returning to normal, the Omicron variant of COVID-19 questioned global economic growth and increased existing uncertainty. It also means that the supply chain will become even more tense if blockades and travel bans are re-imposed to curb the spread of new variants.

Now all eyes have some questions about how fast new variants can be transmitted from person to person, whether existing vaccines are effective, and whether they are a better way to stop the spread. Focusing on medical scientists for expert opinion on the virus.

Regardless of the conclusions of scientists, the world will come to understand that the virus remains here and will continue to be a threat to the global economy for at least the next few years. On the other hand, if new varieties go ugly (no one can predict at this time), governments and central banks have already given all possible stimuli last year to boost growth, resulting in a lack of options. There is a possibility. Their country.

Fiber2Fashion News Desk (RKS)



New variants increase uncertainty in the world economy

Source link New variants increase uncertainty in the world economy

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