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OECD warns Omicron variant could cause severe global slowdown
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Western 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
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 /3 years ago
COVID: Omicron variant linked to increased risk of reinfection, claims study euronews.com /3 years ago
US adds 210,000 jobs in November ahead of discovery of Omicron variant theguardian.com /3 years ago
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