NEW YORK, Jan 18 — Governments worldwide are easing quarantine rules, reviewing coronavirus curbs and dialling back pandemic-era emergency support as they bid to launch their economies back into some version of normality.
Around half a dozen have cut quarantine times from 10 to five days, citing Omicron’s faster infection cycle as grounds to loosen rules that have led to a wave of worker absences hitting businesses. “If the experts are right and Omicron is going to go through really quickly and peak perhaps within a month and come down after that, I think it is likely you will see lower hiring and perhaps a pause in growth, but it should be short-lived.”
If that upbeat outlook materialises, governments would also be able to start winding back the emergency fiscal support which, according to the International Monetary Fund, led to the largest one-year surge in global debt since World War II. That is impacting workplace absences and acute care for other conditions, and the government is hoping to quickly increase a booster shot coverage rate of around 50 per cent of adults, relatively low by euro zone standards.
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