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Sunday, January 9, 2022

Omicron Absenteeism Could Cause $48 Billion Hit to U.K. Economy - Bloomberg

Staff shortages caused by Covid-19 illness and mandatory isolation could result in a 35-billion pound ($48 billion) loss in output over January and February, according to The Sunday Times. 

The projected loss is equivalent to 8.8% of gross domestic product and based on government planning assumptions of a 25% absenteeism rate, the study conducted by the Centre for Economics and Business Research showed. 

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Omicron Absenteeism Could Cause $48 Billion Hit to U.K. Economy - Bloomberg
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‘Why can we not invest in our own economy? Obviously the money is there.’ Letters to the editor for Jan. 23 - The Globe and Mail

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