Opinion: The good news in 2022 will be the economy

The other factor that could potentially be very good news is the spread of the omicron variant. We know that omicron is far more transmissible than delta or other COVID-19 variants. But the evidence to date indicates that it is considerably less severe. Even though cases have skyrocketed in South Africa, the first country where omicron was identified, there has been no corresponding increase in hospitalizations and deaths. It’s still early, and more data may give us a different picture. However, from what we see to date, if omicron becomes the dominant variant, we may have much less to fear from the pandemic.

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