OECD cuts global economic outlook amid omicron scare
02 December 2021 | 2:56 pm
The OECD says recovery is being held back by supply bottlenecks and labor shortages. Calling for swifter vaccinations, it warns growth could be further derailed by new variant omicron.
Ukraine's former finance minister has told FRANCE 24 that any company doing business with Russia is indirectly financing the war in Ukraine. Natalie Jaresko was in office from 2014 to 2016, when Russia annexed Crimea and conflict was raging in the eastern Donbas region. She described the current situation facing Ukraine as an "economic strangulation of the country" and called on global firms to stop any operations in Russia.
Russia's war in Ukraine has sent shockwaves around the world and hit the global economy hard. In economically depressed Sri Lanka it's exacerbating an already existing economic crisis.
The Organization for Economic Cooperation and Development is warning that Russia's war in Ukraine will disrupt commerce and clog up supply chains, slashing economic growth and pushing prices sharply higher around the globe.
You got omicron in January and you've felt protected. But it's a few months on and a subvariant called BA.2 is spreading fast. So can you get omicron twice?
Two months ago, the West African regional bloc Ecowas imposed sanctions on Mali after its military leaders announced they would remain in power for another five years before holding any elections. DW found out that civilians are hit the hardest.
Even as it said Germany likely passed the peak of omicron infections, the Robert Koch Institute warned coronavirus cases remained high. Despite this, the country is considering relaxing quarantine rules.
Two months ago, the West African regional bloc Ecowas imposed sanctions on Mali after its military leaders announced they would remain in power for another five years before holding any elections.
Following days of protests over soaring prices and fuel shortages, Sri Lanka's cabinet ministers have resigned en masse. The head of the central bank has also stepped down. We take a look at how the heavily indebted country got to this stage. Plus, our correspondents report on how Niger could be facing its worst food crisis in a decade, amid global food and energy shortages worsened by the war in Ukraine.
As pressure mounts for a ban on Russian gas and oil imports, the DIW think tank suggests that alternative suppliers and lower consumption could free Germany from its dependence on the Kremlin to cover its energy needs.
Omicron XE, BA.4, BA.5 — there seem to be so many new omicron variants of the SARS-CoV-2 virus that it's hard to keep track. Here's what we know so far.
Beijing reported a 4.8% growth for the first quarter, a modest increase over the previous quarter's 4%. The country's economy has been stalling amid coronavirus outbreaks.
The negative economic effects from Russia's invasion of Ukraine will significantly hurt global growth, the IMF has said. Increasing food and fuel prices have raised the prospect of unrest in poorer countries.
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