The Economist discusses how the Omicron variant has exacerbated potential threats to the world economy, including that tightening of domestic and global travel restrictions in response to Omicron will harm growth, that the variant will cause further supply chain bottlenecks that may result in inflation heading even higher, and that the variant may cause a further slowdown in the Chinese economy. [Economist; Dec. 4, 2021]
The Wall Street Journal reports that auto suppliers face an outlook nearly as distressed as the Great Recession of 2008-2009, due to labor shortages, rising costs, and manufacturing disruptions. [WSJ; Dec. 5, 2021]
Bloomberg Law reports on the approval of Aeromexico’s disclosure statement, which will allow the company to begin soliciting votes on its chapter 11 plan. [Bloomberg; Dec. 6, 2021]