That is an assessment impact on the market. Of course, this is not true in terms of public health impact.
ICU use is also increasing and is expected to increase.
source: want to know, accessed 15 January 2022.
So while the hospitalization rate relative to cases (and case deaths) is much lower, given transmissibility, it’s not clear to me that the overall impact (hospitalizations, ICU use) will be much less. IHME project The death peak for this wave (as of 1/15) is 80% of the peak in the fall of 2021 — so extraordinary.
Perhaps the comment refers to the economic impact, not the human cost.as mentioned postal This led to the dismissal of “dud”, we know that high contact service (eg restaurant seating) activity looks bad. More broadly, mobility, in-place work is declining.
source: Slok, personal communication, January 12, 2022.
source: Slok, personal communication, January 12, 2022.
I would also add that whether omicron fails from a macroeconomic perspective depends in part on How China is responding, given its zero-tolerance policy so far.
