Tue, 21-Oct-2025

US consumers more confident in December despite Omicron

WASHINGTON – American consumers were even more confident about the economy in December and less concerned about inflation, despite the rise of the Omicron variant of Covid-19, according to a survey released Wednesday. The Conference Board’s consumer confidence index jumped nearly four points to 115.8 compared to the prior month. And November’s index, which originally … Read more

IMF chief warns Omicron could slow global growth

IMF

WASHINGTON: The new Omicron variant of Covid-19 could slow the global economic recovery, just as the Delta strain did, IMF chief Kristalina Georgieva said on Friday. “A new variant that may spread very rapidly can dent confidence and in that sense, we are likely to see some downgrades of our October projections for global growth,” she … Read more