‘Considerable’ risk that U.S. and much of Europe will need COVID lockdowns this winter, Credit Suisse says
After taking an initial wait-and-see approach on the new omicron variant of coronavirus, Credit Suisse CS, 3.23%, one of the world’s largest investment banks, now sees a “considerable” risk that the U.S. and large parts of Europe will be unable to avoid “stringent” lockdowns this winter.
Credit Suisse’s view is at odds with that of President Joe Biden and the nation’s top infectious disease expert, Anthony Fauci, both of whom have indicated no need to impose fresh lockdowns in the U.S. Instead, the president announced new steps Tuesday afternoon to alleviate the burden that omicron is placing on the healthcare system, by making 500 million free at-home tests available and opening vaccination clinics across the country.
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