Evaluated the impact of the omicron strain on the world economy

Financial Times: omicron strain will not cause serious consequences for the global economy

the world economy. The Financial Times writes about this.

Experts believe that the new version of COVID-19 will not have an impact on the global economy even if the available vaccines prove to be less effective than against other types of coronavirus infection.


Experts explain the optimistic forecast by the success in the development of vaccines against COVID-19. They also noted that the economies of most countries are demonstrating the ability to adapt to coronavirus restrictions.

Paul Donovan, chief economist at the Swiss investment company UBS Global Wealth Management, said that the new strain “is unlikely to change the global economic situation at this stage.” In his opinion, in a number of countries the industries of passenger air travel and tourism may suffer, but they account for a relatively small share of global economic activity.

Dan Struven, senior economist of the American bank Goldman Sachs, stressed that if the omicron- the strain will be more infectious than the delta strain, then next year one can expect a decrease in the growth rate of the world economy from the projected 4.6 to 4.2 percent. At the same time, he added that this decline will be offset by growth in 2023.

Earlier, the Indian edition of the Economic Times said that the emergence and spread of a new omicron strain of coronavirus had unexpected consequences for the world economy – rough diamonds rose on average by five to ten percent. The newspaper's reporters revealed that supply problems began in South Africa and Botswana, both of which have large deposits.



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