Covid is far from over

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The world is worried about the new variant of Covid that has emerged in Soth Africa, and according to the FT, rightly so:

That speed of spread, and the significant mutation that this variant seems to have, suggests that another worrying phase of Covid may be beginning.

The first concern that this gives rise to is to peoples' health.

The second is to the economy. As the Guardian's morning news email says:

Shares have headed for their largest weekly drop while safe-haven assets such as bonds and the yen have rallied as the new Covid variant adds to concerns about future growth and higher US interest rates. The Australian and New Zealand dollars dropped to three-month lows while Japan’s Nikkei was down 1.7% in early trade and Australian shares fell 0.6%. The yen jumped about 0.4% to 114.91 per dollar and gold rose 0.2% to $1,792 per ounce. This morning according to futures trading, the FTSE could open 100 points or so down.

This is not surprising. The risk of further lockdowns to deal with this variant has to be high when we have already seen the deeply reluctant UK government already reimpose travel bans.

I am worried.

Please get vaccinated as soon as you can. I had my booster this week. The only reaction has been a sore arm for a day or so, and maybe a sniffly nose. But the benefit has to be worth it. We are far from out of this as yet.