Has Omicron mutated into a flu?

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Data and studies are emerging suggesting that the omicron coronavirus strain is far less dangerous than prior strains and results in far lower levels of hospitalisation.

From The Australian:

New data from Scotland and South Africa suggest people infected with the Omicron variant of coronavirus are at markedly lower risk of hospitalization than those who contracted earlier versions of the virus…

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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.