Europe’s Omicron puzzle
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HSBC Global Research with the note:
- While most of Europe is still fighting against the Delta wave…
- …an even larger threat already looms at the doorstep as the Omicron variant has already started to spread…
- …which increases the uncertainty around the near-term economic and policy outlook
Out of the frying pan and into the fire?
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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.