Bottom line: Omikron does not knock the legs away during recovery


Omicron is the fifth variant in the corona series since alpha was discovered as the first in September last year. It is a process that has had very large human costs that cannot be measured in money. But in hindsight with an economic point of view, they have been bumps on the road out of last spring’s deep corona crisis. They have not put an end to a strong and unexpectedly rapid comeback in Denmark and in the global economy.

It is too early to say whether the omikron will also be a minor bump in the road or something that triggers a hard braking. It all depends on whether the existing vaccines are less effective against the new variant than the previous ones. And if they are, then how long does it take to develop and mass-produce vaccines that provide the same protection? Right now, there is no sure answer, and that is the uncertainty that has shaken investors and triggered turbulence in the financial markets.


Source: Politiken.dk – Forsiden by politiken.dk.

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