Investors are experiencing the rapid spread of the omicron variant, and the safety measurements taken by governments all over the world, which has almost slowed down the business grow in the sector.
Moreover, it’s seen that “Global markets have endured a volatile week so far, and European shares rebounded 1.4% on Tuesday to recover much of the loss during a sharp sell-off in the previous session.”
Despite the AstraZeneca, alongside Oxford University, announced to being work on omicron-vaccine, the business sector is still in huge flex.
According to a stats by CNBC, “Britain on Tuesday pledged £1 billion ($1.3 billion) to businesses hit by the new Covid-19 variant, with the country’s hospitality sector and others once again under strain.”
While if we focus on the data, the UK’s GDP grew 1.1% in the third quarter, however, it was lower than what economists in Reuter’s poll predicted – 1.3%.
Author: Gandal Media
Date: 12-27-2021
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