$Dow Jones Industrial Average (.DJI.US)$$S&P 500 Index (.SPX...

$Dow Jones Industrial Average(.DJI.US)$ $S&P 500 Index(.SPX.US)$ Carmen Reinhart, chief economist of the World Bank's international financial institutions, warned about countries' ability to cope with the twin threats of Omicron and the cost-of-living crisis. Experts had widely predicted that 2022 would be another year of strong global economic recovery. However, the economic outlook has darkened sharply in recent weeks and new lockdown restrictions imposed to contain the omicron spread are also likely to exacerbate already high inflation.