The omicron coronavirus variant could have a moderate impact on the U.S. economy next year as it hurts consumer spending and worsens labor shortages and supply chain bottlenecks, intensifying already-high inflation, top economists say.
It’s too early to pinpoint how omicron will affect economic growth because scientists are just starting to assess the toll it could take on global health. It could be a nonfactor or, at worst, nudge the U.S. back into recession
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