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Writer's pictureMary Reed

Sunday, January 2, 2022 – Omicron Variant of the Coronavirus

Updated: Jan 7, 2022


The contagiousness has been unleashed! This variant created havoc for the 2021 holidays. Both my vaccinated and boostered sisters got it. Apparently, my younger sister Julie got it after she flew to Dallas, and we went to Fort Worth to a restaurant and saw a play at a theater where we wore masks except to eat and drink. Then she gave it to my sister Barbara. I really think the only reason I didn’t get it is because I had COVID-19 in October and got the monoclonal antibody infusion. I also think the KN-95 masks are better protection against this variant than the run-of-the-mill paper and cloth masks. My family was reduced to watching the kids opening gifts on Zoom. Several other people have told me that the same thing happened to them. One woman flew to see her children and grandchildren and then turned around and flew back home, being alone at Christmas. One of my book club members also spent her Christmas alone because her daughter-in-law got COVID and infected five other people. I am thinking that the CDC rules that applied to the delta variant might not be the same for this variant. Maybe you don’t have to spend at least 15 minutes with a carrier who can infect you. Maybe the time is a lot shorter. Plus, it doesn’t have to be an unvaccinated person who gives COVID to you. I got it from someone who was vaccinated and boostered; she was asymptomatic for a couple of days before she had symptoms. This Omicron variant is just an insidious disease. Let’s learn more about it.

According to Wikipedia, the image on the right is of the Omicron variant and other major or previous variants of concern of SARS-CoV-2 depicted in a tree scaled radially by genetic distance, derived from Nextstrain on December 1, 2021.


The Omicron variant is a variant of SARS-CoV-2, the virus that causes COVID-19. As of December 2021, it is the newest variant. It was first reported to the World Health Organization or WHO from South Africa on November 24, 2021. On November 26, 2021, the WHO designated it as a variant of concern and named it "Omicron," the 15th letter in the Greek alphabet.


The variant has an unusually large number of mutations, several of which are novel and a significant number of which affect the spike protein targeted by most COVID-19 vaccines at the time of the discovery of the Omicron variant. This level of variation has led to concerns regarding its transmissibility, immune system evasion and vaccine resistance, despite initial reports indicating that the variant causes less serious disease than previous strains. The variant was quickly designated as being "of concern," and travel restrictions were introduced by several countries in an attempt to slow its international spread.


Compared to previous variants of concern, Omicron is believed to be far more contagious — spreading much quicker and spreads around 70 times faster than any previous variants in the bronchi or lung airways, but it is less able to penetrate deep lung tissue, and perhaps for this reason there is a considerable reduction in the risk of severe disease requiring hospitalization. However, the extremely high rate of spread — combined with its ability to evade both double vaccination and the body's immune system — means the total number of patients requiring hospital care at any given time is still of great concern.

The new variant was first detected on November 22, 2021 in laboratories in Botswana and South Africa, based on samples collected on November 11-16. The first known sample was collected in South Africa on November 8. In other continents, the first known cases were a person arriving in Hong Kong from South Africa via Qatar on November 11, and another person who arrived in Belgium from Egypt via Turkey on the same date. As of December 16, 2021, the variant has been confirmed in more than 80 countries. The World Health Organization estimated that by mid-December, Omicron likely was in most countries, whether they had detected it or not.

Genomic sequence of the Omicron variant

Mutations

The variant has many mutations, some of which have concerned scientists. The Omicron variant has a total of 60 mutations compared to the reference / ancestral variant: 50 nonsynonymous mutations, 8 synonymous mutations and 2 non-coding mutations. Thirty-two mutations affect the spike protein, the main antigenic target of antibodies generated by infections and of many vaccines widely administered. Many of those mutations had not been observed in other strains. The variant is characterized by 30 amino acid changes, three small deletions and one small insertion in the spike protein compared with the original virus, of which 15 are located in the receptor-binding domain. It also carries a number of changes and deletions in other genomic regions. Additionally, the variant has three mutations at the furin cleavage site which increases SARS-CoV-2 infectivity.


A link with HIV infection may explain a large number of mutations in the sequence of the Omicron variant. Indeed, in order to be affected by such a high number of mutations, the virus must have been able to evolve a long time without killing its host, nor being eliminated. One such situation occurs in people with a weakened immune system but receiving enough medical care to survive. This is the case in HIV patients in South Africa, who represent more than 20% of the population. Due to lack of access to clinics, fear of stigmatization and disrupted healthcare, millions living with HIV in the region are not on effective HIV therapy. HIV prevention could be key to reducing the risk of uncontrolled HIV driving the emergence of COVID variants.


In addition, it is believed that one of these many mutations, comprising a 9-nucleotide sequence, may have been acquired from another type of virus known as HCoV-229E, responsible for the common cold. This is not entirely unexpected  —  at times, viruses within the body acquire and swap segments of genetic material from each other, and this is one common means of mutation.

Sublineages and stealth variant

Researchers have established the existence of three sublineages of Omicron. The 'standard' sublineage is now referred to as BA.1​/B.1.1.529.1, and the two other sublineages are known as BA.2​/B.1.1.529.2 and BA.3​/B.1.1.529.3.


All three can be detected by full sequencing, but BA.2 has been nicknamed 'Stealth Omicron' because it differs from the 'standard' variety by not having the characteristic S gene target failure or SGTF-causing deletion (Δ69-70) by which many PCR tests are able to detect a case as an Omicron or Alpha variant. Thus, countries that primarily rely on SGTF for detection may overlook BA.2. Some countries, including Denmark, use a variant qPCR that tests for several mutations, including Δ69-70, E484K, L452R and N501Y. It can also distinguish Delta — the heavily dominant variant worldwide, prior to the spread of Omicron — which has L452R but not N501Y,[40] and all Omicron sublineages, which have N501Y but not L452R. As of December 19, 2021, BA.2 appears to be very rare with about 20 known cases from half a dozen countries. The third sublineage, BA.3, is also very rare and it does not represent the same potential problem in detection since it has the SGTF deletion (Δ69-70), similar to BA.1.


Possible consequences

The World Health Organization is concerned that a large number of mutations may reduce immunity in people who were previously infected and in vaccinated people. It is also possible the Omicron variant might be more infective in this regard than prior variants. The effects of the mutations, if any, are unknown as of late November 2021. The WHO warns that health services could be overwhelmed especially in nations with low vaccination rates where mortality and morbidity rates are likely to be much higher and urges all nations to increase COVID-19 vaccinations.


Professor Paul Morgan, immunologist at Cardiff University, also recommends vaccination. Morgan said, "I think a blunting rather than a complete loss [of immunity] is the most likely outcome. The virus can't possibly lose every single epitope on its surface, because if it did that spike protein couldn't work any more. So, while some of the antibodies and T cell clones made against earlier versions of the virus or against the vaccines may not be effective, there will be others, which will remain effective. (...) If half or two-thirds or whatever it is of the immune response is not going to be effective, and you're left with the residual half, then the more boosted that is the better."

Francois Balloux, director of University College London Genetics Institute

Professor Francois Balloux of the Genetics Institute at University College London said, "From what we have learned so far, we can be fairly confident that – compared with other variants – Omicron tends to be better able to reinfect people who have been previously infected and received some protection against COVID-19. That is pretty clear and was anticipated from the mutational changes we have pinpointed in its protein structure. These make it more difficult for antibodies to neutralize the virus."


On December 15, the European Centre for Disease Prevention and Control assessed that even if the variant turns out to be milder than Delta, its spread will very likely increase hospitalizations and fatalities due the exponential growth in cases caused by increased transmissibility.

Signs and symptoms

As of November 28, 2021, the World Health Organization's update states, "There is currently no information to suggest that symptoms associated with Omicron are different from ... other variants."

A study performed December 1-7 by the Center for Disease Control found that "The most commonly reported symptoms [were] cough, fatigue and congestion or runny nose."


Research published in London on December 25, 2021 suggested the most frequent symptoms stated by users of the Zoe Covid app were "a running nose, headaches, fatigue, sneezing and sore throats."


A unique reported symptom of the omicron variant is night sweats.

Characteristics

Many of the mutations to the spike protein are present in other variants of concern and are related to increased infectivity and antibody evasion. Computational modeling suggests that the variant may also escape cell-mediated immunity. On November 26, the European Centre for Disease Prevention and Control or ECDC wrote that an evaluation of the neutralizing capacity of convalescent sera and of vaccines is urgently needed to assess possible immune escape, saying these data are expected within two to three weeks.


Contagiousness

It was not known in November 2021 how the variant would spread in populations with high levels of immunity. It was also not known if the Omicron variant causes a milder or more severe COVID-19 infection. According to pharmaceutical companies, vaccines could be updated to combat the variant "in around 100 days" if necessary.


Relating to naturally acquired immunity, Anne von Gottberg, an expert at the National Institute for Communicable Diseases, believed at the beginning of December 2021 that immunity granted by previous variants would not protect against Omicron.


On December 15, 2021 Jenny Harries, head of the UK Health Security Agency, told a parliamentary committee that the doubling time of COVID-19 in most regions of the UK was now less than two days despite the country's high vaccination rate. She said that the Omicron variant of COVID-19 is "probably the most significant threat since the start of the pandemic," and that the number of cases in the next few days would be "quite staggering compared to the rate of growth that we've seen in cases for previous variants."

Virulence

As of November 28, 2021 the World Health Organization's update states "There is currently no information to suggest that symptoms associated with Omicron are different from ... other variants." Increased rates of hospitalization in South Africa may be due to a higher number of cases, rather than any specific feature of the Omicron variant.


On December 4, 2021, the South African Medical Research Council reported that November 14-29, 2021 at a hospital complex in Tshwane, inpatients were younger than in previous waves and the ICU and oxygen therapy rates were lower than in earlier waves. These observations are not definitive and the clinical profile could change over the following two weeks, allowing for more accurate conclusions about disease severity. Excess deaths nearly doubled in the week of November 28, suggesting under-reporting, but the level was still much lower than that seen in the second wave in mid-January 2021. On December 12, director-general of the World Health Organization Tedros Adhanom asserted that it was wrong for people to consider Omicron as mild. This is because high exposure to previous infections in South Africa likely affects the clinical course of the new infections.


On December 20, a report by the Imperial College COVID-19 Response Team — based on data from England — found that hospitalization and asymptomatic infection indicators were not significantly associated with Omicron infection, suggesting at most limited changes in severity compared with Delta. On December 22, the team reported an approximately 41% (95% CI, 37–45%) lower risk of a hospitalization requiring a stay of at least 1 night compared to the Delta variant, and that the data suggest that recipients of 2 doses of the Pfizer–BioNTech, the Moderna or the Oxford–AstraZeneca vaccine remain substantially protected from hospitalization.

Diagnosis

The Food and Drug Administration has published guidelines on how PCR tests will be affected by Omicron. Tests that detect multiple gene targets will continue to identify the testee as positive for COVID-19. S-gene dropout or target failure has been proposed as a shorthand way of differentiating Omicron from Delta.


The variant may be identified by sequencing and genotyping. The BA.1 lineage — but not the BA.2 lineage — can be identified by S gene target failure or SGTF of the TaqPath assay, a trait shared with subsets of SARS-CoV-2 Alpha variant. Several other commercial assays can also be used, though they test for different amino acid substitutions.

Prevention

As with other variants, the World Health Organization recommended that people continue to keep enclosed spaces well-ventilated, avoid crowding and close contact, wear well-fitting masks, clean hands frequently and get vaccinated.


On November 26, 2021, BioNTech said it would know in two weeks whether the current vaccine is effective against the variant and that an updated vaccine could be shipped in 100 days if necessary. AstraZeneca, Moderna and Johnson & Johnson were also studying the variant's impact on the effectiveness of their vaccines. On the same day, Novavax stated that it was developing an updated vaccine requiring two doses for the Omicron variant, which the company expected to be ready for testing and manufacturing within a few weeks. On November 29, 2021, the Gamaleya Institute said that Sputnik Light should be effective against the variant, that it would begin adapting Sputnik V and that a modified version could be ready for mass production in 45 days. Sinovac said it could quickly mass-produce an inactivated vaccine against the variant and that it was monitoring studies and collecting samples of the variant to determine if a new vaccine is needed. On December 7, 2021, at a symposium in Brazil with its partner Instituto Butantan, Sinovac said it would update its vaccine to the new variant and make it available in three months. On December 2, the Finlay Institute was already developing a version of Soberana Plus against the variant.


On November 29, 2021, the WHO said cases and infections are expected among those vaccinated, albeit in a small and predictable proportion.

On December 7, 2021, preliminary results from a laboratory test conducted at the Africa Health Research Institute in Durban with 12 people who received the Pfizer-BioNTech vaccine found a 41-fold reduction in neutralizing antibody activity against the variant in some of the samples. This is a big reduction, but it does not mean that the variant can escape vaccines completely, so vaccination with current vaccines is still recommended. Neutralizing antibody activity against the variant was greater in those fully vaccinated after being infected about a year earlier. Effectiveness estimates will likely change as more data is collected, as antibodies generated by vaccination vary widely between individuals, and the sample was small. On December 8, 2021, Pfizer and BioNTech reported that preliminary data indicated that a third dose of the vaccine would provide a similar level of neutralizing antibodies against the variant as seen against other variants after two doses.

On December 10, 2021, the UK Health Security Agency reported that early data indicated a 20- to 40-fold reduction in neutralizing activity for Omicron by sera from Pfizer 2-dose vaccinees relative to earlier strains and a 20-fold reduction relative to Delta. The reduction was greater in sera from AstraZeneca 2-dose vaccinees, falling below the detectable threshold. An mRNA booster dose produced a similar increase in neutralizing activity, regardless of the vaccine used for primary vaccination. After a booster dose — usually with an mRNA vaccine — vaccine effectiveness against symptomatic disease was at 70%–75%, and the effectiveness against severe disease was expected to be higher.


On November 26, 2021, the WHO asked nations to do the following:

- Enhance surveillance and sequencing efforts to better understand circulating SARS-CoV-2 variants.


- Submit complete genome sequences and associated metadata to a publicly available database, such as GISAID.


- Report initial cases/clusters associated with virus-of-concern infection to WHO through the International Health Regulations mechanism.


- Where capacity exists and in coordination with the international community, perform field investigations and laboratory assessments to improve understanding of the potential impacts of the virus of concern on COVID-19 epidemiology, severity and the effectiveness of public health and social measures, diagnostic methods, immune responses, antibody neutralization or other relevant characteristics.

Albert Bourla, chairman and CEO of Pfizer Inc.

Treatment

Corticosteroids such as dexamethasone and IL6 receptor blockers such as tocilizumab (Actemra) are known to be effective for managing patients with the earlier strains of severe COVID-19. The impact on the effectiveness of other treatments was being assessed in 2021.


On November 29, 2021, Pfizer Chairman and CEO Albert Bourla said that Pfizer had submitted an Emergency Use Authorization application to the Food and Drug Administration for development of the RNA virus antiviral drug Paxlovid, and the company was confident that it could treat the Omicron variant. Merck and Ridgeback were evaluating the anti–RNA virus drug molnupiravir for Omicron treatment at the time.


Relating to monoclonal antibodies or mAbs treatments, similar testing and research is ongoing. Preclinical data on in vitro pseudotyped virus data demonstrate that some mAbs designed to use highly conserved epitopes retain neutralizing activity against key mutations of Omicron substitutions. Similar results are confirmed by cryo-electron microscopy and X-ray data, also providing the structural approach and molecular basis for the evasion of humoral immunity exhibited by Omicron antigenic shift, as well as the importance of targeting conserved epitopes for vaccine and therapeutics design. While 7 clinical mAbs or mAb cocktails experienced loss of neutralizing activity of 1-2 orders of magnitude or greater relative to the prototypic virus, the S309 mAb — the parent mAb of sotrovimab — neutralized Omicron with only 2-3-fold reduced potency. Further data suggest Omicron would cause significant humoral immune evasion, while neutralizing antibodies targeting the sarbecovirus conserved region remain most effective. Indeed, most receptor-binding motif or RBM-directed monoclonal antibodies lost in vitro neutralizing activity against Omicron, with only 3 out of 29 mAbs examined in another study retaining unaltered potency. Furthermore, a fraction of broadly neutralizing sarbecovirus mAbs neutralized Omicron through recognition of antigenic sites outside the RBM, including sotrovimab (VIR-7831), S2X259 and S2H97.

Epidemiology

On November 26, 2021, the South African National Institute for Communicable Diseases announced that 30,904 COVID-tests (in one day) detected 2,828 new COVID infections (a 9.2% positivity rate). One week later, on December 3, 2021, the NICD announced that 65,990 COVID tests had found 16,055 new infections — 5.7 times as many as seven days before; positive rate 24.3% — and that 72% of them were found in Gauteng. This province of South Africa is densely populated at about 850 inhabitants per km2. Gauteng's capital Johannesburg is a megacity — about 5.5 million inhabitants in the city itself plus 9.5 million in the urban region.


In November 2021 the transmissibility of the Omicron variant — as compared to the Delta variant or other variants of the COVID-19 virus — was still uncertain. Omicron is frequently able to infect previously COVID-positive people.


It has been estimated the Omicron variant diverged in late September or early October 2021, based on Omicron genome comparisons. Sequencing data suggests that Omicron had become the dominant variant in South Africa by November 2021, the same month where it had been first identified in the country. "Phylogeny suggests a recent emergence. Data from South Africa suggests that Omicron has a pronounced growth advantage there. However, this may be due to transmissibility or immune escape related, or both." Also the serial interval plays a role in the growth.

Detectable changes in levels of COVID-19 in wastewater samples from South Africa's Gauteng province were seen as early as October 17-23 or week 42. The National Institute for Communicable Diseases reports that children under the age of 2 make up 10% of total hospital admissions in the Omicron point of discovery Tshwane in South Africa. Data on the S gene target failure or SGTF of sampled cases in South Africa indicates a growth of 21% per day relative to Delta, generating an increased reproduction number by a factor of 2.4. Omicron became the majority strain in South Africa around November 10. Another analysis showed 32% growth per day in Gauteng, South Africa, having become dominant there around November 6.


In the UK, the logarithmic growth rate of Omicron-associated S gene target failure or SGTF cases over S gene target positive or SGTP cases was estimated at 0.41 per day, which is exceptionally high. Furthermore, by December 14, it appears to have become the most dominant strain. Without presuming behavior change in response to the variant, a million infections per day by December 24 are projected for a 2.5 days doubling time. In Denmark, the growth rate has been roughly similar with a doubling time of about 2–3 days, it having become the most prevalent strain on December 17. Switzerland is not far behind and neither is Germany. In Scotland, Omicron apparently became the most prevalent variant on December 17. In the Canadian province of Ontario, it became the most prevalent strain on December 13. In the U.S., the variant appears to have become the most prevalent strain on December 21, growing at 0.23 per day. In Portugal, Omicron had reached 61.5% of cases on December 22. In Belgium, the strain has become the most prevalent on December 25, and the Netherlands appears to be on a similar path. In Italy, it had reached 28% of cases on December 20 and was doubling every two days, while it became the dominant variant in Norway on December 25. In France, it made up about 15% of COVID-19 cases in mid-December, but around December 27 it had increased to more than 60%. Many other countries may not have enough timely information, as they may not use Thermo Fisher TaqPath Assay or equivalent for their PCR tests to indicate Omicron. Researchers recommend sampling at least 5% of COVID-19 patient samples in order to detect Omicron or other emerging variants.

History

A December 2021 article in Science observes Omicron did not evolve from any other variant of note, but instead on a distinct track diverging in perhaps mid-2020. The article expounds on three theories that might explain this surprising genetic lineage:

1. The virus could have circulated and evolved in a population with little surveillance and sequencing.


2. It could have gestated in a chronically infected COVID-19 patient.


3. It might have evolved in a nonhuman species, from which it recently spilled back into people.

Reported cases

On November 24, 2021, the variant was first reported to the World Health Organization from South Africa, based on samples that had been collected from November 14-16. South African scientists were first alerted by samples from the very beginning of November where the PCR tests had S gene target failure — occurs in a few variants, but not in Delta which dominated in the country in October — and by a sudden increase of COVID-19 cases in Gauteng; sequencing revealed that more than 70% of samples collected in the province November 14-23 were a new variant. The first confirmed specimens of Omicron were collected on November 8, 2021, in South Africa, and on November 9 in Botswana. Likely Omicron SGTF samples had occurred on November 4, 2021, in Pretoria, South Africa.


When WHO was alerted on November 24, Hong Kong was the only place outside Africa that had confirmed a case of Omicron; one person who traveled from South Africa on November 11 and another traveler who was cross-infected by this case while staying in the same quarantine hotel.


On November 25, one confirmed case was identified in Israel from a traveler returning from Malawi, along with two who returned from South Africa and one from Madagascar. All four initial cases reported from Botswana occurred among fully vaccinated individuals.


On November 26, Belgium confirmed its first case; an unvaccinated person who had traveled from Egypt via Turkey on November 11. All three initial confirmed and suspected cases reported from Israel occurred among fully vaccinated individuals, as did a single suspected case in Germany.


On November 27, two cases were detected in the United Kingdom, another two in Munich, Germany and one in Milan, Italy.


On November 28, 13 cases were confirmed in the Netherlands among the 624 airline passengers who arrived from South Africa on November 26. Confirmation of a further five cases among these passengers followed later. Entry into the Netherlands generally required having been vaccinated or PCR-tested, or having recovered. The passengers of these two flights had been tested upon arrival because of the newly imposed restrictions — which were set in place during their flight — after which 61 tested positive for SARS-CoV-2. A further two cases were detected in Australia. Both people landed in Sydney the previous day, and traveled from southern Africa to Sydney Airport via Doha Airport. The two people — who were fully vaccinated — entered isolation; 12 other travelers from southern Africa also entered quarantine for 14 days, while about 260 other passengers and crew on the flight have been directed to isolate. Two travelers from South Africa who landed in Denmark tested positive for COVID-19; it was confirmed on November 28 that both carried the Omicron variant. On the same day, Austria also confirmed its first Omicron case. A detected Omicron case was reported in the Czech Republic, from a traveler who spent time in Namibia. Canada also reported its first Omicron cases, with two from travelers from Nigeria, therefore becoming the first North American country to report an Omicron case.

Darwin, Australia

On November 29, a positive case was recorded in Darwin, Australia. The person arrived in Darwin on a repatriation flight from Johannesburg, South Africa on November 25 and was taken to a quarantine facility, where the positive test was recorded. Two more people who traveled to Sydney from southern Africa via Singapore tested positive. Portugal reported 13 Omicron cases, all of them members of a soccer club. Sweden also confirmed their first case on November 29, as did Spain, when a traveler came from South Africa.


On November 30, the Netherlands reported that Omicron cases had been detected in two samples dating back as early as November 19. A positive case was recorded in Sydney from a traveler who had visited southern Africa before travel restrictions were imposed and was subsequently active in the community. Japan also confirmed its first case. Two Israeli doctors have tested positive and have entered isolation. Both of them had received three shots of the Pfizer vaccine prior to testing positive. In Brazil, three cases of the Omicron variant were confirmed in São Paulo. Another five are under suspicion. A person in Leipzig, Germany with no travel history nor contact with travelers tested positive for Omicron.


On December 1, the Omicron variant was detected in three samples in Nigeria that had been collected from travelers from South Africa within the last week. On the same day, public health authorities in the United States announced the country's first confirmed Omicron case. A resident of San Francisco who had been vaccinated returned from South Africa on November 22, began showing mild symptoms on November 25 and was confirmed to have a mild case of COVID-19 on November 29. Ireland and South Korea also reported their first cases. South Korea reported its cases from five travelers arriving in South Korea from Nigeria.

On December 2, Dutch health authorities confirmed that all 14 passengers with confirmed Omicron infection on November 26 had been previously vaccinated. The same day, the Norwegian Institute of Public Health confirmed that 50 attendees of a company Christmas party held at a restaurant in Norway's capital, Oslo, were infected with the Omicron variant. France has confirmed only 25 cases of the new Omicron variant but officials say the number could jump significantly in the coming weeks.

By December 6, Malaysia confirmed its first case of the variant. The case was a South African student entering to study at a private university. In Namibia, 18 cases out of 19 positive COVID-19 samples that had been collected November 11-26 were found to be Omicron, indicating a high level of prevalence in the country. Fiji also confirmed two positive cases of the variant. They traveled from Nigeria arriving in Fiji on November 25.


On December 8, WHO announced the variant had been detected in 57 countries.

On December 9, Richard Mihigo, coordinator of the World Health Organization's Immunization and Vaccine Development Program for Africa, announced that Africa accounted for 46% of reported cases of the Omicron variant globally.


On December 13, the first death of a person with Omicron was reported in the UK.


On December 16, New Zealand confirmed its first case of the Omicron variant, an individual who had traveled from Germany via Dubai.


The first death of a person with Omicron was reported in Germany on December 23 and in Australia on December 27.

Jerome Powell, chairman of the Federal Reserve

Market reactions

Worry about the potential economic impact of the Omicron variant led to a drop in global markets on November 26, including the worst drop of the Dow Jones Industrial Average in 2021, led by travel-related stocks. The price of Brent Crude and West Texas Intermediate oil fell 10% and 11.7%, respectively. Cryptocurrency markets were also routed. The South African rand has also hit an all-time low for 2021, trading at over 16 rand to the dollar, losing 6% of its value in November.


In early December 2021, the chairman of the Federal Reserve, Jerome Powell, testified before the U.S. Senate Committee on Banking that "The recent rise in COVID-19 cases and the emergence of the Omicron variant pose downside risks to employment and economic activity and increased uncertainty for inflation."


International response

On November 26, the World Health Organization advised countries not to impose new restrictions on travel, instead recommending a "risk-based and scientific" approach to travel measures. On the same day, the European Centre for Disease Prevention and Control reported modeling indicating that strict travel restrictions would delay the variant's impact on European countries by two weeks, possibly allowing countries to prepare for it.


After the WHO announcement, on the same day, several countries announced travel bans from southern Africa in response to the identification of the variant, including the United States, which banned travel from eight African countries, although it notably did not ban travel from any European countries, Israel, Canada or Australia where cases were also detected at the time the bans were announced. Other countries that also implemented travel bans include Japan, Canada, the European Union, Israel, Australia, the United Kingdom, Singapore, Malaysia, Indonesia, Morocco and New Zealand.

Brazilian Health Regulatory Agency

The Brazilian Health Regulatory Agency recommended flight restrictions regarding the new variant. The state of New York declared a state of emergency ahead of a potential Omicron spike, although no cases had yet been detected in the state or the rest of the United States. On November 27, Switzerland introduced obligatory tests and quarantine for all visitors arriving from countries where the variant was detected, which originally included Belgium and Israel.



Dr. Mathume Joseph “Joe” Phaahla, South African Minister of Health

In response to the various travel bans, South African Minister of Health Joe Phaahla defended his country's handling of the pandemic and said that travel bans went against the "norms and standards" of the World Health Organization.


Some speculate that travel bans could have a significant impact on South Africa's economy by limiting tourism and could lead to other countries with economies that are reliant on tourism to hide the discovery of new variants of concern. Low vaccine coverage in less-developed nations could create opportunities for the emergence of new variants, and these nations also struggle to gain intellectual property to develop and produce vaccines locally. At the same time, inoculation has slowed in South Africa due to vaccine hesitancy and apathy, with a nationwide vaccination rate of only 35% as of November 2021.

Dr. Richard J. Hatchett, CEO, Coalition for Epidemic Preparedness Innovations

On November 29, 2021, the WHO warned countries that the variant poses a very high global risk with severe consequences and that they should prepare by accelerating vaccination of high-priority groups and strengthening health systems. WHO director-general Tedros Adhanom described the global situation as dangerous and precarious and called for a new agreement on the handling of pandemics, as the current system disincentivizes countries from alerting others to threats that will inevitably land on their shores. Coalition for Epidemic Preparedness Innovations CEO Dr. Richard J. Hatchett said that the variant fulfilled predictions that transmission of the virus in low-vaccination areas would accelerate its evolution.


In preparation for the Omicron variant arriving in the United States, President Joe Biden has stated that the variant is "cause for concern, not panic" and reiterated that the government is prepared for the variant and will have it under control. He also stated that large-scale lockdowns, similar to the ones in 2020 near the beginning of the pandemic, are "off the table for now."


In mid-December 2021, multiple Canadian provinces reinstated restrictions on gatherings and events such as sports tournaments, and tightened enforcement of proof of vaccination orders. British Columbia expressly prohibited any non-seated "organized New Year's Eve event," while Quebec announced a partial lockdown on December 20, ordering the closure of all bars, casinos, gyms, schools and theaters, as well as imposing restrictions on the capacity and operating hours of restaurants and the prohibition of spectators at professional sporting events.


On December 18, 2021, the Netherlands government announced a lockdown intended to prevent spread of the variant during the holiday period.













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