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Markets have got it about right on Omicron so far
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theguardian.comAmateur virology is all the rage in the City. Analysts who would normally be more at home inputting some seasonally adjusted labour market data into a spreadsheet now find they can’t explain what is likely to happen to the economy without understanding how viruses spread.
When news emerged of the Omicron variant of Covid-19 last week it was the signal for financial markets everywhere to take a tumble. That was an entirely rational response: stock markets were not prepared for a potentially
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