• Hong Kong suspends transit flights from most of the world as COVID-19 escalates

    8 days ago - By Travel and Tourworld

    Hong Kong will suspend for a month transit flights from around 150 countries and territories considered high risk because of the escalation of the coronavirus variant Omicron, deepening the global financial hub's isolation.
    The move comes as the city has seen around 50 cases of the fast-spreading Omicron variant since the end of last year.
    Prior to the outbreak, which authorities said could be traced back to two aircrew members of Cathay Pacific Airways , the city had had no local transmissions for over three months.
    Hong Kong International Airport said in a statement on Friday that any...
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  • GlobalData: Omicron to deter global economic recovery in 2022

    GlobalData: Omicron to deter global economic recovery in 2022

    8 days ago - By Travel and Tourworld

    Despite visible green shoots in key macroeconomic indicators in the first half, the emergence of new COVID-19 variant Omicron and its fast spread has made the global economic recovery increasingly uneven towards the tail end of 2021, due to which GlobalData, a leading data and analytics company, has revised down the global economic growth forecast for 2022 from 4.6% in July to 4.5% in December 2021.
    GlobalData forecasts the US real GDP growth to be 1.1% in Q1 2022 compared to 1.3% in Q4 2021. With challenges to supply chains and high infection rates, the UK's real GDP growth is forecasted...
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