"LATE NOVEMBER almost began to feel like the early days of the pandemic all over again. Global stockmarkets fell by 5% as news of what would come to be known as the Omicron variant filtered out and investors feared either another round of restrictions, or that people would voluntarily shut themselves away. Haven currencies, such as the dollar and the yen, strengthened. The price of oil slumped by about $10 a barrel, the kind of drop often associated with a looming recession..."

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