Assessing Omicron’s Economic Damage

Now that we’re two years into the pandemic, analysts have a lot more context than we did at the start. We have seen multiple waves of the virus, have watched the economy react in real time, and have a sense of what the policy responses are likely to be. As such, we could look back on history for some guidance as to what was likely to happen with the winter Delta wave—and that guidance by and large worked.

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