Kind of a Drag

Omicron is slowing the world economy with most areas’ nowcasts falling

Advanced Economies

Emerging Markets

Notes: Nowcast readings for GDP change for advanced economies is presented in QoQ terms; emerging economies in YoY terms. Prior to 3Q21, data shows actual GDP values. For 3Q21, values for U.S., Euro Area, Japan, U.K. and China are actual GDP; for Canada, India, Brazil and Russia they are Bloomberg nowcast values.