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12/7/2021, 7:37 AM (Source: TeleTrader)
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S. Korean economy faces uncertainty over Omicron - think tank

The Korea Development Institute (KDI) estimated on Tuesday that the country's economy faces rising downside risks over the spread of the newly registered Omicron coronavirus variant.

"Due to the spread of the omicron variant in recent weeks, downside risks are running high as countries take stricter preventive measures and financial markets grow unstable," the KDI noted in its monthly report.

The assessment comes as South Korea battles its worst coronavirus outbreak to date, registering around 5,000 new infections a day.

Baha Breaking the News (BBN) / ND