PARIS, Jan 11 — After limping its way back from the Covid pandemic last year, the global economic recovery has been rattled by the Omicron variant’s rapid rise.
World Bank President David Malpass expressed concern about the “huge toll” the pandemic is taking on poor countries, pointing to “troubling reversals in poverty, nutrition and health.” “However, I do expect Omicron to pass through quickly and for growth to rebound in the second quarter, and growth for the year to be unaffected,” he added.
But the emergence of Omicron during the key winter holiday season caused thousands of flight cancellations, cruises to be forced to dock and fewer hotel bookings.
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