Preliminary data released on Thursday by the British government show that the new Omicron virus has a 50 to 70 percent lower risk of hospitalization than the new Delat virus. Researchers in South Africa, where Omicron was first identified last November, said that although the new mutation was capable of transmitting the virus, It is unlikely to cause the patient as much pain as or worse than Delta.
Economist Mark Zandi predicts that the US economy may be affected by the resurgence of the Omicron-caused COVID-19 infection, but these effects are likely to be short-lived and even predictable. That the US economy will see 2% growth in the first quarter of 2022. In the face of the Omicron outbreak, more and more Americans are cutting back on eating out or in restaurants, reducing the number of diners at 10 percent by the end of the week. December 23 compared to the same period in 2019.
Even so, the economy of many other sectors is still functioning to this day, and the number of Americans claiming benefits is non-existent.
Employment remains low, and large numbers of Americans remain committed to their vacation plans. The number of people passing through security checkpoints at the airport before Christmas and New Year has doubled compared to 2020.
In particular, according to economists, it seems too early to determine or know the economic impact caused by Omicron. Economist Richard Curtin, for example, has said that, of course, the economy could be affected in January 2022, but it seems too early to pinpoint the extent of the Omicron impact. Many say US economic growth is likely to pick up early next year.
According to US economists, US economic growth could slow to 3.7 percent if President Joe Biden's Build Back Better plan is shut down or does not work. Joe Biden announced this week the launch of new measures to strengthen the health sector and address the economic impact caused by the daily increase in COVID-19 cases, including increased testing and encouragement. Americans are getting vaccinated.
Credit: Happy Day
