Overseas Headlines – January 14, 2022

United States:

Omicron to Hit U.S. Growth in Early 2022, Inflation Seen Higher

“The U.S. economy will take an early hit this year from the omicron variant of coronavirus — but the damage shouldn’t last beyond the first quarter, according to Bloomberg’s latest monthly survey of forecasters.”



German Economy Shrank as Much as 1% in Final Quarter of 2021

“Germany’s economy contracted by as much as 1% in the final quarter of 2021 as the emergence of the coronavirus’s omicron strain added to drags on output from supply snarls and the fastest inflation in three decades.”



China GDP Growth to Slow, Boosting Case for Rate Cut

“China is likely to post its weakest economic growth in more than a year when it releases quarterly data Monday as it counts the cost of a deepening property market slump and disruptions from virus outbreaks.”



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