The victim, as seen by the volatile swings in markets here and elsewhere, is the confidence that had been growing amid the economic reopening across the world.
The extent of real economic cost, in terms of growth and employment, depends on how far and fast the Omicron affliction spreads and what policy measures are used to control it.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
