The possible effects of Omicron in 2022

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From re-imposition of travel restrictions to extended social distancing woes, our entry into the new year was once again overcast with the explosive newer covid variant. Omicron has thrust forward doubts about world economy’s incessant climb, putting a question on whether the world will ever recover from the fear of covid. This pestilence is here to stay. So how will omicron impact 2022 and what could be its effects on the economy and travel, let’s know better! 


Economy 

As explained by experts, the worst-case scenario is the return of the growth-crippling lockdowns. Such lockdowns can threaten the already saddled supply chains and impact the recovering demand, reigniting the fears of inflation.

Goldman Sachs economists highlighted various outcomes of the Omicron’s impact on economy. One scenario includes a large infection wave in the first quarter of 2022, which may push down global growth by 2.5 percentage points from their current forecast to 2% quarter-on-quarter annual rate. With such predictions on the line, one can only hope that the omicron variant doesn’t wreak havoc on the world. 

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Travel restrictions 

Several countries are expected to continue with various travel restrictions. Japan is likely to ban foreign visitors to curb the spread of the virus. South Africa has imposed travel bans on people from countries that have been heavily impacted by Covid-19, including China, Germany, Italy, Spain, the United Kingdom and the United States. Various nations are expected to be highly cautious with their travel policies and rules. 

Conclusion

Scientists and experts believe that the Omicron variant is highly transmissible and can cause a wave of new infections, despite the evidence that this variant is less severe than the previous strains. 


 


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