Paris – After limping its way back from the COVID-19 pandemic last year, the global economic recovery has been rattled by the omicron variant’s rapid rise.

The travel industry has been thrown into disarray again, workers have been forced to isolate at home and governments are facing a stark choice between imposing restrictions or letting the economy be.

Could the highly contagious omicron variant have a severe impact on the recovery? Or will its mild symptoms keep the economy from sinking again?

How bad a hit on growth?

The head of the International Monetary Fund, Kristalina Georgieva, warned last month that global economic growth forecasts may have to be slashed following the emergence of omicron.

The IMF has previously banked on growth of 5.9% for 2021 and 4.9% this year, but it could now revise its estimates later this month.

To soften the blow on the economy, U.S. health authorities have cut the isolation period

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