Fitch: Omicron unlikely to bring a repeat of 1H20’s unprecedented global GDP contraction
Future CFO
NOVEMBER 30, 2021
Omicron is unlikely to bring a repeat of 1H20’s unprecedented global GDP contraction due to several reasons, said Fitch Ratings recently. "While it's too soon to incorporate the effects of the Omicron coronavirus variant into our economic growth forecasts until more is known about its transmissibility and severity, we currently believe that another large, synchronised global downturn, such as that seen in 1H20, is highly unlikely but the rise in inflation will complicate macroeconomic responses
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