HSBC says Asia faces 'bumpy road' ahead as Covid cases remain high, but vaccine rollouts offer hope

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Experts say that the coronavirus mutation known as delta variant is partly responsible for the surge in new cases seen in many parts of the world.

"Countries with younger populations and more humid climates could accordingly experience more severe outbreaks than previous waves, even if the proportions of young people with severe illness remain the same," the Eurasia Group analysts said in a recent note. They added that in many emerging markets there is a growing risk of overwhelmed health-care systems.North America and Europe as far as vaccines are concerned.

"That means, some of the restrictions remain in place, particularly on travel, and that means, unfortunately, still a little bit of a bumpy road for the next several months," he said.

 

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