Europe begins lockdowns as Omicron wave swells

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The Netherlands over the weekend announced that it will commence a four-week hard lockdown amid a recent surge in COVID cases:

From the BBC:

Non-essential shops, bars, gyms hairdressers and other public venues will be closed until at least mid-January. Two guests per household will be allowed – four over the holidays.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.