New Omicron variant of Covid-19 could slow the global economic recovery, just as the Delta strain did – IMF
A person has a nasal swab applied for the coronavirus disease test taken at a mobile testing site in New York, U.S., December 3, 2021.
"A new variant that may spread very rapidly can dent confidence and in that sense, we are likely to see some downgrades of our October projections for global growth,"at a Reuters eventThe United States and other major economies suffered sharp downward revisions after the spread of the Delta variant "caused some friction," Georgieva said.
The IMF's most-recent forecasts raised concerns that global supply chain issues and uneven distribution of vaccines were slowing the rebound, and causing some countries to be left behind.
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