Economics

Living With Covid Proving Tough for a Gridlocked World Economy

Economists warn of entrenched problems as pandemic persists
Optimists argue that omicron won’t derail the broader recovery

Shoppers cross the road junction at Oxford Circus in central London, U.K., on Jan. 20. — Shoppers cross the road junction at Oxford Circus in central London, U.K., on Jan. 20.
Photographer: Chris J. Ratcliffe/Bloomberg

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By Enda Curran

January 22, 2022 at 9:00 PM UTC

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The surging omicron variant is complicating the recovery for a world economy that continues to be wracked by supply chain chaos, worker absenteeism and faltering assembly lines.