Covid’s new Omicron variant expected to derail global economic recovery and threaten inflation outlookMoody’s Investors Service said in its latest report.
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“Just as many countries were moving to a semblance of post-pandemic normalcy, the variant Ómicron has injected a new uncertainty“.
“However, the experience that follows the emergence of other variants, particularly the Delta variant, and the public health policies put in place to counter successive waves of infections provide some basis for identifying the factors that will determine the economic and credit impact of this last variant. “
“Countries with safe vaccine supplies and effective delivery systems, and high levels of public acceptance of vaccines, will continue to be better positioned..”
“The appearance of the new variant also occurs during a period of fragile economic recovery, with tight supply chains, high inflation and a tight labor market. “
“Business disruptions resulting from the spread of the new variant could prevent supply chain stresses from easing, lower production capacity and stoke new cost pressures in sectors with exposure to global supply chains. “
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