Economists don’t see a return to recession – but consumers staying at home is likely to have a big impact on some sectors
The introduction of Covid-19 countermeasures across the UK and the rest of Europe, not to mention the US and Asia, to try to combat the spread of the Omicron variant has raised the spectre of the global economy stumbling into 2022 in a distinctly weakened state. But how big is their impact likely to be?Employers are unlikely to panic in the run-up to Christmas, no matter how disappointed they are that customers have begun questioning spending decisions.
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