Mexico | Omicron: economic effects

Last Friday, global financial markets had significant losses after it was announced that Ómicron, the new variant of the coronavirus, can potentially be much more contagious than Delta, the predominant variant.

Key points

• Key points:
• Stock markets and bond prices fell, while the dollar appreciated against most currencies.
• The first thing to say is that there is still little information about Ómicron, so the degree of uncertainty that surrounds it is very high.
• It is not known when it started, or if it causes more serious symptoms, it is also unknown whether people who contract it will represent a greater probability of being hospitalized or dying.
• The general uncertainty surrounding the disease has translated into doubts about the possibility that there are more isolation measures that could delay the economic recovery.

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