The markets have adjusted upwards this Monday as the symptoms of the omicron Covid variant were described as “mild” by the South African doctor who first encountered it.
“At this time what we are seeing is mild cases,” said Angelique Coetzee in an interview on CNBC. “The cases that we have seen last week have been mild cases, easily treated at home.”
Markets had taken an almost 3% dip on Friday after the WHO warned about the new variant Thursday night. “The overall global risk related to the new variant of concern Omicron is assessed as very high,” warned the WHO in a statement this morning as it continued to call attention to the new variant.
Meanwhile South African president Cyril Ramaphosa lashed out against what he called unjustified and unscientific COVID-19 travel restrictions damaging sectors of economies that rely on travel.
“There is a world order where a country’s wealth is the difference between sickness and health,” noted the South African leader in a speech reported by Reuters.