Overseas Headlines – January 10, 2022

United States:

Omicron Absenteeism Poses Fresh Test to U.S. Economic Strength

“With the omicron wave of the pandemic rapidly spreading across the U.S., the robust economic recovery is facing a new threat that policymakers have little control over: people calling in sick.”

https://www.bloomberg.com/news/articles/2022-01-09/omicron-absenteeism-poses-fresh-test-to-u-s-economic-strength?srnd=economics-vp

Europe:

Europe Fears Economic HitIf Russia Is Sanctioned Heavily

“Concern among some big European nations about economic fallout raises the risk of a split with the U.S. on how strongly to hit Russia with fresh sanctions if it invades Ukraine, according to people familiar with the matter.”

https://www.bloomberg.com/news/articles/2022-01-09/europe-frets-about-economic-hit-if-russia-is-sanctioned-heavily?srnd=economics-vp

Asia:

Japanese Households Cut Spending Even Before Omicron Hit

“Japanese household spending fell in November for the first time in three months, a sign of unexpected fragility in consumption even before the omicron variant of the virus started to spread.”

https://www.bloomberg.com/news/articles/2022-01-06/japan-households-cut-spending-before-spread-of-omicron-variant?srnd=economics-vp

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