Skip to main content

Omicron waves in the rear view mirror

Waves of the Omicron variant that spread across the region in December have subsided sharply in recent weeks. And timely survey and mobility data point to a smaller hit from these latest waves compared with previous ones. But the good news will probably be in short supply going forward. Low vaccination rates mean that the region remains vulnerable to future virus waves. What’s more, other headwinds are likely to grow. We expect commodity price moves to turn increasingly unfavourable. And policy support will be thin on the ground with officials pursuing austerity and/or shifting to tighten monetary policy.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services

Get access