Does Omicron stop U.S. economic growth...What about India?

Unexpectedly, the coronavirus turned not only the indian economy but also the economy and healthcare structure of the entire world upside down. international economists predict that the US economy will be plunged into stagflation as the world fears the Omicron virus. If this is the case for the US, then for India? Omicron, which is spreading all over the world, has a lot of mutations. While it has been suggested that the covid vaccine that is already being used by people may not fight the Omicron virus, medical researchers are researching an alternative drug to fight the Omicron virus. In this situation, the U.S. financial markets are expected to increase inflation in the country's economy and stagnate economic growth. This is expected to take the economic growth of the country to a staggering level. Looking at the pace of the Omicron virus spreading in south africa and looking at what is currently spreading in 9 countries, it is assumed that the last several periods will unavoidably affect the normalcy of the world.

The World health Organization (WHO) says the Omicron virus will destroy the vaccine's defenses and cause further harm from its spread. In addition, the united states, Canada, Britain, and many other leading countries have announced a ban on flights from South Africa.

As the Omicron virus spreads around the world, investors continue to sell their risky investments, and the stock market continues to plummet from the U.S. market to the Asian market. To address this investment risk investors have started investing in gold and government securities which they consider to be a safe investment again. And crude oil prices have begun to fall by as much as 10 percent.

A similar infection has already occurred due to coronavirus infection and has now doubled the level of exposure to the Omicron virus. Mohamed El-Erian, the Alliance's chief economist, said the rise in inflation in the united states would slow economic growth and create stagnation.