In today’s briefing:
- 4th Global Covid Wave More Contagious but Less Deadly (& Asia Less Affected) So Far
4th Global Covid Wave More Contagious but Less Deadly (& Asia Less Affected) So Far
- Prospects for global growth in 1Q2022 are clouded by a severely contagious Fourth Wave of Covid-19, reflected in a 56% week-on-week rise in new cases to 8.274mn this week.
- Asia is less affected. With the exception of Vietnam, ASEAN too has contained the spread of Covid, after becoming the global epicentre in Aug-Sep2021.
- With the US and EU the epicentres, regionally-focused movement restrictions will hurt domestic growth prospects in the OECD in 1Q 2022, although trade will likely continue to boom.
Before it’s here, it’s on Smartkarma
