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Goldman Outlines Scenarios for Omicron’s Impact on Global Growth

  • Sees two downside scenarios, one ‘false alarm’ and one upside
  • Too soon to change economic forecasts as impact still unclear
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Omicron Variant Adds Uncertainty to Global Economy, AMP Capital

Goldman Sachs Group Inc. economists set out four scenarios for the potential impact on global economic growth from a new coronavirus variant, while adding that it’s too early to adjust their forecasts given it still isn’t clear which is likely to transpire.

“The upshot is that omicron could have sizable growth effects, but that the range of medical and therefore economic outcomes remains unusually wide,” Goldman economists led by Jan Hatzius said in a research note.