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Global economic scenario may be affected due to Kovid variant Omicron: Rating agency Moody fears

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Global economic scenario may be affected due to Kovid variant Omicron: Rating agency Moody fears

According to Moody’s, it will take at least two weeks for the picture about Omicron to become clear (symbolic photo)

New Delhi :

Rating agency Moody’s believes that due to the new form of Coronavirus, Omicron has again created uncertainty in the global economic outlook, but it is too early to estimate its potential risk. Will be. Moody’s Analytics said in a commentary on the Omicron pattern on Monday that the new form of the virus is said to be spreading very fast, but much will depend on how fast it spreads and how many people are in hospital. Is it necessary to get admitted and how many infected people die from it? According to Moody’s, “The ohmicron nature of Kovid-19 has created a new kind of uncertainty in the scenario of the global economy. However, it is too early to assess the risks associated with this.

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According to Moody’s, it will take at least two weeks for the picture to become clear about this new form. For this, the speed and impact of its infection will have to be monitored in countries with the spread of Omicron. Moody’s Chief Economist (Asia-Pacific) Steve Cochrane said, “A lot will depend on how many infected people need hospitalization and how many people die? Apart from this, the effect of anti-Covid vaccines and anti-viral drugs will also have to be seen on this.

Scientists are considering this new form of coronavirus to be very contagious. The World Health Organization confirmed its first case in South Africa on 24 November. In such a short time, cases of its infection have been reported from 12 other countries. Moody’s estimates that the countries of the Asia-Pacific region will have to take special care in the coming weeks. The reason for this is that its cases have been reported in Hong Kong and Australia. According to Moody’s, it will be especially likely to hit countries with less vaccination. India is also included in the list of these countries.

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(Except for the headline, this news has not been edited by the NDTV team, it has been published directly from the Syndicate feed.)

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