The IMF's most-recent forecasts raised concerns that global supply chain issues and uneven distribution of vaccines were slowing the rebound and causing some countries to be left behind.
A surge in demand in many advanced economies coupled with shortages of key components like semiconductors has fueled a wave of prices increases. Less than two months ago, Georgieva expressed confidence that inflation would not become a"runaway train" but on Friday she said the US Federal Reserve will have to increase interest rates in 2022, rather than in 2023, as the IMF previously predicted.
The Fed, which cut the benchmark lending rate to zero in the early days of the pandemic, already has started to pull back on its stimulus measures and has signalled it will speed up that process, which would put it in a position to lift rates off zero by mid-year.Omicron has spread rapidly to at least 40 countries since it was first reported in South Africa last week, officials said, and many governments have tightened travel rules to try to keep it out.
Much remains unknown about Omicron. Researchers said it could have picked up genetic material from another virus, perhaps one that causes the common cold, which would allow it to more easily evade human immune system defences.
Omicron altho the name sounds more dangerous, so far it is not.could be sign of the end if the deadly Delta and welcome weakened Omi.
An obvious future. If spread is fast and deadly, lock downs will be the only answer, zeroing world economy.
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