Half of Europe on track to catch Omicron, world economy at risk
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard
FRIDAY, MAY 20, 2022
FRIDAY, MAY 20, 2022
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
Half of Europe on track to catch Omicron, world economy at risk

Coronavirus chronicle

BSS/AFP
12 January, 2022, 11:45 am
Last modified: 12 January, 2022, 11:50 am

Related News

  • China relaxes some Covid test rules for US, other travellers
  • New York Times pauses return to office for workers
  • Asian shares tumble as global growth fears mount
  • Asian stocks wobble as growth doubts loom
  • S Korea says it will spare no effort to help North Korea amid Covid outbreak

Half of Europe on track to catch Omicron, world economy at risk

The highly transmissible Omicron strain has swept across countries, forcing governments to impose fresh measures and some rolling out vaccine booster shots

BSS/AFP
12 January, 2022, 11:45 am
Last modified: 12 January, 2022, 11:50 am
Border police officers wait to check vehicles at the last toll gate entering Spain from France, following an order from the Spanish government to set up controls at its land borders over coronavirus, in La Jonquera, Spain March 17, 2020. REUTERS/Nacho Doce
Border police officers wait to check vehicles at the last toll gate entering Spain from France, following an order from the Spanish government to set up controls at its land borders over coronavirus, in La Jonquera, Spain March 17, 2020. REUTERS/Nacho Doce

More than half of people in Europe will likely catch Omicron by March, the World Health Organisation said Tuesday, as the World Bank warned the contagious variant could hamper global economic recovery.

Millions in China were locked down again, exactly two years after Beijing reported the first death from what was later confirmed to be coronavirus.

The highly transmissible Omicron strain has swept across countries, forcing governments to impose fresh measures and some rolling out vaccine booster shots.

But the WHO on Tuesday warned that repeating booster doses of the original Covid jabs was not a viable strategy against emerging variants.

The UN body called for new vaccines that better protect against transmission.

"A vaccination strategy based on repeated booster doses of the original vaccine composition is unlikely to be appropriate or sustainable," a WHO vaccine advisory group said.

With almost eight million recorded infections over the past seven days, Europe is currently reporting the largest number of deaths and cases worldwide, according to an AFP tally.

Europe is at the epicentre of alarming new outbreaks and the WHO said Tuesday Omicron could infect half of all people in the region at current rates.

European 'tidal wave'

The WHO's regional director for Europe Hans Kluge described a "new west-to-east tidal wave sweeping across" the region.

"The Institute for Health Metrics and Evaluation (IHME) forecasts that more than 50 percent of the population in the region will be infected with Omicron in the next six to eight weeks," he added.

The WHO's European region covers 53 countries and territories including several in Central Asia, and Kluge said 50 of them had Omicron cases.

Kluge however stressed "approved vaccines do continue to provide good protection against severe disease and death -- including for Omicron".

The European Medicines Agency (EMA) said that the spread of Omicron was pushing Covid towards being an endemic disease that humanity could live with, even if it remained a pandemic for now.

'Permanent scar on development'

The World Bank, meanwhile, predicted global economic growth will decelerate in 2022 as Omicron risks exacerbating labour shortages and supply chain snarls.

In its latest Global Economic Prospects report, it cut its forecast for world economic growth this year to 4.1 percent after the 5.5 percent rebound last year.

World Bank President David Malpass said the pandemic could leave a "permanent scar on development" as poverty, nutrition and health indicators move in the wrong direction.

The warnings came exactly two years after the announcement of the first person dying of a virus only later identified as Covid -- a 61-year-old man in Wuhan, China, where the illness was first detected.

Since January 11, 2020, known fatalities in the pandemic have soared to nearly 5.5 million.

China largely tamed its initial outbreak using lockdowns, border closures and mass testing, but flare-ups in some major cities are testing that zero-Covid strategy just weeks before the Beijing Winter Olympics.

The city of Anyang in Henan province on Monday night told its five million residents not to leave their homes or drive cars on the roads, China's official Xinhua news agency said.

The cities of Yuzhou and Xi'an have also entered strict lockdowns.

Hong Kong, which already has some of the toughest coronavirus border restrictions in the world, on Tuesday shut kindergartens and primary schools until early February to fight an Omicron outbreak.

And Japan extended until the end of next month a strict Covid border policy that bars almost all new foreign foreign arrivals.

Unequal vaccine access

The World Economic Forum warned that the widening gap in unequal access to vaccines could create a poisonous legacy of resentment,making it harder to reach agreements on global issues such as climate change.

"A greater prevalence of Covid-19 in low-vaccination countries than in high-vaccination ones will weigh on worker availability and productivity, disrupt supply chains and weaken consumption," WEF said.

The polarising nature of the Covid came into sharp focus last week when Australia cancelled the visa of the world's top men's tennis player over Covid shot requirements.

The unjabbed, vaccine-sceptic Novak Djokovic won a legal challenge against the government Monday, but Australia's immigration minister reserves the right to cancel his visa again as the Serbian aims to defend his Australian Open title.

In France, unions say three out of four teachers plan to strike on Thursday against the government's shifting rules on Covid testing for students, forcing half the country's primary schools to close.

Bolivia's vice president David Choquehuanca, who touts indigenous treatments for Covid-19, has contracted the virus for a third time, the government announced.

Mexican President Andres Manuel Lopez Obrador said he had caught it for a second time.

Top News / World+Biz / Global Economy

Omicron variant / COVID-19 / World economy

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • What needs to be done now?
    What needs to be done now?
  • File photo of Dr Debapriya Bhattacharya. Picture: CPD
    Fiscal consolidation is a way out
  • Safety net needs to be expanded by minimising corruption 
    Safety net needs to be expanded by minimising corruption 

MOST VIEWED

  • Medical staff members check the temperature of people as they enter at Capital Airport, following an outbreak of Covid-19, in Beijing, China, 5 November, 2020. Photo: Reuters
    China relaxes some Covid test rules for US, other travellers
  • Representational image.
    China Junshi's potential Covid drug shows promise in small trial
  • A woman wearing protective mask walks at a sidewalk near business district in Jakarta, Indonesia March 2, 2020. REUTERS/Willy Kurniawan/Files
    Indonesia to drop outdoor mask mandate as Covid-19 infections drop
  • North Korean leader Kim Jong Un presides over a politburo meeting of the ruling Workers' Party, amid the coronavirus disease (COVID-19) pandemic, May 17, 2022, in this photo released May 18, 2022 by North Korea's Korean Central News Agency (KCNA). KCNA via REUTERS
    N Korean leader slams officials' 'immaturity' in response to Covid outbreak
  • North Korea Covid outbreak is 'worrying' for new variants -WHO
    North Korea Covid outbreak is 'worrying' for new variants -WHO
  • People watch a TV broadcasting a news report on the coronavirus disease (Covid-19) outbreak in North Korea, at a railway station in Seoul, South Korea on 17 May 2022. Photo: Reuters.
    N Korea Covid outbreak could have 'devastating' impact on human rights, UN says

Related News

  • China relaxes some Covid test rules for US, other travellers
  • New York Times pauses return to office for workers
  • Asian shares tumble as global growth fears mount
  • Asian stocks wobble as growth doubts loom
  • S Korea says it will spare no effort to help North Korea amid Covid outbreak

Features

Sketch: TBS

'Food inflation is an unavoidable consequence of currency devaluation'

16h | Interviews
The open-browser-tabs question also tells an interviewer how much of an internet native the job applicant might be. Photo: Noor-a-Alam

The best question to ask a job applicant

16h | Pursuit
Illustration: TBS

Ugly business: Politics in workplace

15h | Pursuit
Illustration: TBS

‘Do you have insurance?’: Life of a life insurance agent

18h | Panorama

More Videos from TBS

Putin's strategies to face Nato

Putin's strategies to face Nato

5h | Videos
How many countries have nuclear weapons and how many are there?

How many countries have nuclear weapons and how many are there?

5h | Videos
Dengue fever is rising, so beware

Dengue fever is rising, so beware

5h | Videos
How a university teacher and PHD holder become farmer

How a university teacher and PHD holder become farmer

10h | Videos

Most Read

1
Tk100 for bike, Tk2,400 for bus to cross Padma Bridge
Bangladesh

Tk100 for bike, Tk2,400 for bus to cross Padma Bridge

2
Representative Photo: Pixabay.
Bangladesh

Microplastics found in 5 local sugar brands

3
Mushfiq Mobarak. Photo: Noor-A-Alam
Panorama

Meet the Yale professor who anchors his research in Bangladesh and scales up interventions globally

4
A packet of US five-dollar bills is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. REUTERS/Gary Cameron
Banking

Dollar hits Tk100 mark in open market

5
The story of Bangladesh becoming a major bicycle exporter
Industry

The story of Bangladesh becoming a major bicycle exporter

6
PK Halder: How a scamster rose from humble beginnings to a Tk11,000cr empire
Crime

PK Halder: How a scamster rose from humble beginnings to a Tk11,000cr empire

The Business Standard
Top
  • Home
  • Entertainment
  • Sports
  • About Us
  • Bangladesh
  • International
  • Privacy Policy
  • Comment Policy
  • Contact Us
  • Economy
  • Sitemap
  • RSS

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net

Copyright © 2022 THE BUSINESS STANDARD All rights reserved. Technical Partner: RSI Lab