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Omicron to Hit U.S. Growth in Early 2022, Inflation Seen Higher

  • First-quarter GDP outlook weakens; pundits upbeat after that
  • Inflation forecasts rise with risk of more supply-chain damage
Shoppers at a shopping mall in San Francisco, California, U.S.

Shoppers at a shopping mall in San Francisco, California, U.S.

Photographer: David Paul Morris/Bloomberg

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The U.S. economy will take an early hit this year from the omicron variant of coronavirus -- but the damage shouldn’t last beyond the first quarter, according to Bloomberg’s latest monthly survey of forecasters.