The Omicron COVID-19 variant could hurt global growth prospects while also pushing prices higher, rating agencies Moody’s Investors Service and Fitch Ratings said on Monday, after the World Health Organization said the variant carried a very high risk of infection surges.“The Omicron variant poses risks to global growth and inflation, especially as it comes during a period of already stretched supply chains, elevated inflation and labor market shortages,” Elena Duggar, associate managing director at Moody’s, told Reuters news in emailed comments.The variant is also likely to hit demand during the upcoming holiday travel and spending season, according to Duggar.
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