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Can the global economy handle another COVID-19 setback? | Coronavirus pandemic

Video duration 26 minutes 00 seconds

From: Counting the cost

A new variant of the coronavirus has forced governments to impose travel bans as the economy was just beginning to recover.

After scientists in South Africa identified a new variant of the coronavirus last week, the borders for passenger travel from countries in southern Africa suddenly closed, oil prices fell more than 10 percent and stock markets plummeted.

Markets and economies are expected to experience weeks of uncertainty as investors watch closely for updates on Omicron. What comes next largely depends on what scientists discover and how quickly they do it.

In addition, green hydrogen is being hailed as the energy of the future; Can it help decarbonizing economies?

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