• Business News
  • Insurance
  • Saving
  • Share Market 5Paisa
  • Loan
  • Mutual Funds
  • Investment
  • Real Estate
  • Crypto coindcx
    • हिन्दी
    • తెలుగు
    • मराठी
    • বাংলা
    • ગુજરાતી
    • ಕನ್ನಡ
  • Close
  • Daily Show
    • 2+2=5
    • Take it Easy
    • Red Alert
    • Formula Guru
    • Money Gyan
    • Money Central
    • Money time
    • Jhatpat
  • Weekly Show
    • Money Comics
    • Economicom
    • Realty Check
    • Smile and pay
    • Money Tales
    • Spend Wise
    • Companynama
  • Insurance
  • Savings
  • Share Market 5Paisa
  • Loan
  • Crypto coindcx
  • Investment
  • Mutual Funds
  • Real Estate
  • Tax
  • Exclusive
  • Home » News » Exclusive » Omicron adds uncertainty to world growth: Moody’s

Omicron adds uncertainty to world growth: Moody’s

Much, however, depends on transmission speed, virulence, hospitalisation and death, as also the effectiveness of vaccines

  • Money9
  • Publish Date - November 30, 2021 / 04:33 PM IST
Omicron adds uncertainty to world growth: Moody's
Omicron was first reported to the World Health Organization (WHO) from South Africa a few days ago.

The Omicron variant of Covid-19 adds fresh aspects of uncertainty to the outlook on the global economy, Moody’s Analytics has said. Much, however, depends on transmission speed, virulence, hospitalisation and death, as also the effectiveness of vaccines, it added.

The variant appears to spread remarkably quickly, but will be at least two more weeks before more will be known about it, according to reports based on Moody’s Analytics’ commentary titled ‘Much to Learn About OmicronFast’.

Omicron was first reported to the World Health Organization (WHO) from South Africa a few days ago.

At-risk countries

Since then, 12 more countries have been identified including Hong Kong, Israel, UK, Germany and Australia.

WHO has designated Omcron as a variant of concern’.

Asia-Pacific region

At least two cases of Omicron have already been detected in Hong Kong and Australia, and for the Asia-Pacific region there are specific factors to follow in the coming days, it said

Many Asian countries have vaccinated less than 65 per cent of their populations only, it noted.

The new variant will mean for travel across the land border between Hong Kong and mainland China remains uncertain, Moody’s Analytics said.

“The new Omicron variant illustrates the existing risk to the global economy from regions or individual countries that have low vaccination rates. This includes all of sub-Saharan Africa, where rates remain below 50 per cent, and 60 countries globally with rates below 20 per cent,” it said.

Download Money9 App for the latest updates on Personal Finance.

follow us

  • Facebook
  • Twitter
  • LinkedIn
  • Telegram
  • Youtube
  • Instagram

also read

  • ‘Financial services and investment management industry will need to create value for communities’

    ‘Financial services and investment management industry will need to create value for communities’

  • Industry bigwigs share insights at CFA Society India’s 7th India Wealth Management Conference

    Industry bigwigs share insights at CFA Society India’s 7th India Wealth Management Conference

Read more news on

  • Australia
  • Covid-19
  • Hong Kong
  • Moody's
  • Omicron

Latest Video

SEE MORE
Why pulses prices are rising?

Why pulses prices are rising?

Updated: August 18, 2022
FII buying impact on stock market; here are FII buying stocks list 2022

FII buying impact on stock market; here are FII buying stocks list 2022

Updated: August 17, 2022
Understand the link between crypto exchanges and money laundering

Understand the link between crypto exchanges and money laundering

Updated: August 15, 2022
Why mutual fund investment is falling ever since FIIs have made a comeback?

Why mutual fund investment is falling ever since FIIs have made a comeback?

Updated: August 12, 2022
Tariff increase on cards; 5g tariff plans in India to make data expensive

Tariff increase on cards; 5g tariff plans in India to make data expensive

Updated: August 11, 2022
Why wheat prices won't fall even if wheat import duty is reduced?

Why wheat prices won’t fall even if wheat import duty is reduced?

Updated: August 10, 2022
Know Nifty 50 forecast, Sensex 30 forecast

Know Nifty 50 forecast, Sensex 30 forecast

Updated: August 9, 2022
Know the reason why onion prices are falling and current problems faced by onion farmers

Know the reason why onion prices are falling and current problems faced by onion farmers

Updated: August 5, 2022
Open in App

Related

  • Choosing right insurance plan for mental health, well-being

    Choosing right insurance plan for mental health, well-being

  • Delhi government issues yellow alert; Schools and colleges closed

    Delhi government issues yellow alert; Schools and colleges closed

  • Sensex continues its recovery run with 612-point jump

    Sensex continues its recovery run with 612-point jump

  • Exports to touch all-time high of $400 billion: Goyal

    Exports to touch all-time high of $400 billion: Goyal

  • Sensex zooms 1,016 points on RBI stance, easing concerns over Omicron

    Sensex zooms 1,016 points on RBI stance, easing concerns over Omicron

  • HDFC, ICICI, Infosys lead smart recovery; Senxex zooms 887 points, Nifty 264

    HDFC, ICICI, Infosys lead smart recovery; Senxex zooms 887 points, Nifty 264

Videos

  • FII buying impact on stock market; here are FII buying stocks list 2022
    Analysis

    Will FIIs Stay Invested in India?

  • Mirae Asset MF launches two new ETFs
    Bulletin

    Mirae Asset MF launches two new ETFs

  • What is  GREENEX index? How many companies are listed?
    Stocks

    What is GREENEX index? How many companies are listed?

  • Understand the link between crypto exchanges and money laundering
    Analysis

    Are Cryptos Money Launderers

  • What penalty charges are levied on credit card outstanding?
    Savings

    What penalty charges are levied on credit card outstanding?

  • TV9 Sites

  • TV9 Hindi
  • TV9Telugu.com
  • TV9 Marathi
  • TV9 Gujarati
  • TV9 Kannada
  • TV9 Bangla
  • News9 Live
  • Know this india
  • Money9 Sites

  • Money9 Hindi
  • Money9 English
  • Money9 Marathi
  • Money9 Telugu
  • Money9 Gujarati
  • Money9 Kannada
  • Money9 Bangla
  • Topics

  • Insurance
  • Savings
  • Loan
  • Stocks
  • Mutual Funds
  • Real Estate
  • Tax
  • Crypto
  • Exclusive
  • Daily Shows

  • 2+2=5
  • Take it Easy
  • Red Alert
  • Formula Guru
  • Money Gyan
  • Money Central
  • Jhatpat
  • Money time
  • Weekly Shows

  • Money Comics
  • Economicom
  • Realty Check
  • Smile and pay
  • Money Tales
  • Companynama
  • Spend Wise
  • Follow us

  • FaceBook
  • Twitter
  • Youtube
  • Instagram
  • Linkedin
  • Download App

  • Andorid
  • ios
  • Contact Us
  • About Us
  • Advertise With Us
  • Privacy & Cookies Notice
  • Complaint Redressal
  • Copyright © 2022 Money9. All rights reserved.