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Moody's sees US economy taking near-term hit from omicron surge that could infect more people than earlier waves but end more quickly; Q1 2022 economic growth forecast lowered to 2% from 5%, as omicron is affecting people's behavior, business practices

US real GDP increased at an annual rate of 2.3% in Q3, up from prior estimate of 2.1%; upward revisions to personal consumption expenditures, private inventory investment that were partly offset by a downward revision to exports: Dept. of Commerce

UK GDP estimated to have increased by 1.1% in Q3, revised from first estimate of 1.3% increase; largest contributors to increase were from hospitality, arts, entertainment and recreation following further easing of COVID-19 restrictions: ONS

Goldman Sachs cuts US GDP expansion forecast for Q1 2022 to 2% from 3%, Q2 to 3% from 3.5%, Q3 to 2.75% from 3%; revision of estimates comes after US Senator Joe Munchin withdrew his support for President Joe Biden's key US$1.75T infrastructure bill

China’s economic growth slowed to 4.9% year-over-year in Q4, down from Q2's 7.9%; unexpectedly slow growth due to COVID-19 outbreaks, weak demand, supply-chain disruptions

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