Issue link: https://maltatoday.uberflip.com/i/1434006
Name Current Change %Change Open High Low Prev. Value Close US MARKETS NASDAQ (Nov 30) 15,537.69 -245.14 -1.55 15716.50 15828.20 15451.39 15782.8 EUROPEAN MARKETS FTSE (Dec 01) 7,151.06 91.61 1.30 7059.45 7169.01 7059.35 7059.45 CAC (Dec 01) 6,834.89 113.73 1.69 6774.80 6842.79 6750.65 6721.16 DAX (Dec 01) 15,379.51 279.38 1.85 15233.37 15392.16 15187.09 15100.13 ASIAN MARKETS SGX NIFTY (Dec 01) 17,260.00 15.00 0.09 17240.00 17268.50 17217.00 17245.00 NIKKEI 225 (Dec 01) 27,935.62 113.86 0.41 27866.73 28106.30 27594.01 27821.76 STRAITS TIMES (Dec 01) 3,098.25 56.96 1.87 3052.40 3101.52 3045.13 3041.29 HANG SENG (Dec 01) 23,658.92 183.66 0.78 23595.57 23864.30 23537.65 23475.26 TAIWAN WEIGHTED (Dec 01) 17,585.99 158.23 0.91 17428.61 17626.21 17374.59 17427.76 KOSPI (Dec 01) 2,899.72 60.71 2.14 2860.12 2905.74 2837.03 2839.01 SET COMPOSITE (Dec 01) 1,590.81 22.12 1.41 1576.26 1591.86 1563.04 1568.69 JAKARTA COMPOSITE (Dec 01) 6,507.68 -26.25 -0.40 6544.52 6593.07 6494.50 6533.93 SHANGHAI COMPOSITE (Dec 01) 3,576.89 13.00 0.36 3561.89 3576.89 3558.69 3563.89 2.12.2021 7 INTERNATIONAL MARKETS International Markets Global Indices Trading Date: 1 December 2021 OECD: UK growth to outpace G7 rivals, but Omicron clouds global outlook THE UK is set to enjoy the fastest growth among the world's seven most advanced economies but supply chain problems could hamper the recovery while the new Omicron variant of coronavirus threatens the wider global outlook, a major international organisation has warned. e Organisation for Economic Co-operation and Develop- ment (OECD) said Britain is on track for output to jump by 6.9% in 2021, with growth of 4.7% in 2022 and 2.1% in 2023. is would see the UK outpace its G7 rivals both this year and next as the UK bounces back from one of the worst Cov- id-19 recessions among the nations. But the OECD warned that Britain could suffer a setback if supply and worker shortages do not ease. And the OECD's chief economist, Laurence Boone, issued a stark alert on the threat posed by the new Omicron variant to the worldwide economy. Presenting the OECD's latest report, she said: "We are con- cerned that the new variant of the virus, the Omicron strain, is further adding to the already high levels of uncertainty and risks, and that could be a threat to the recovery." e OECD lowered its global growth outlook in 2021 to 5.6% from 5.7% and kept it unchanged at 4.5% for 2022, al- though the report was compiled before the variant emerged. e Paris-based group cited key risks to both the UK and global economy from surging inflation, supply chain bottle- necks and interest rate increases. On the UK, it said: "A prolonged period of acute supply and labour shortages could slow down the recovery by forcing firms into a more permanent reduction in their operating ca- pacity." It added that household and business spending could be hampered by bigger-than-expected price increases for goods and energy, while inflation worries could lead to an early rise in rates. "A worsening trade relationship with the European Union could also weigh on the economic outlook in the medium term," it added. But it said there could be a boost to the UK outlook if work- ers fill vacancies at a faster pace following the end of the fur- lough support scheme, helping ease some of the labour short- ages. e OECD said it is "cautiously optimistic" over the global picture, though it said "striking imbalances" have emerged. Boone said: "Governments acted swiftly and effectively dur- ing the height of the crisis to support people and businesses. "But the job is not finished. "e lack of global co-ordination on vaccine deployment is putting all of us at risk." "e harshest scenario is that pockets of low vaccination end up as breeding grounds for deadlier strains of the virus, which go on to damage lives and livelihoods," she said. e OECD warned that Britain's recovery could be set back if supply and worker shortages do not ease