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The new variant poses a particular threat to China's hitherto successful zero-Covid strategy at a time when the country's economy is looking vulnerable.Ed Butler gets the latest on the fast-moving Omicron variant from Boston University epidemiologist Eleanor Murray. One new development is a recent study in Hong Kong that found that one of the two main Chinese vaccines offers very little resistance against it. Health security expert Nicholas Thomas of Hong Kong's City University says the Chinese government is now in a race to deliver booster vaccines to its population, while stopping Omicron from leaching across its porous land borders. It comes at a sensitive time, with the Beijing Winter Olympics to begin in February, and the government seeking to gently deflate a property market bubble ahead of a politically sensitive Communist Party Congress in October. But independent economist Andy Xie says that when push comes to shove, the government would rather lockdown the entire national economy rather than let Covid get out of control.Producer: Laurence Knight(Picture: A large crowd of commuters wearing face masks at a subway station in Hong Kong; Credit: Budrul Chukrut/SOPA Images/LightRocket via Getty Images)

2021 has seen some extraordinary economic changes. First a global economic rebound, then a global supply chain crisis, then inflation of a kind not seen in western countries for decades. And finally millions of people deciding they didn't even want to go back to work after lockdown. So what could 2022 have in store? Ed Butler discusses all this with Oxford economist Linda Yueh of Oxford University and author of the Great Economists, and Mohamed El-Erian, President of Queens College Cambridge. (Picture of interest rate graph. Picture credit: Getty Images).

The World Bank says this could cost the global economy $17 trillion. Coronavirus brought education systems across the world to a halt. At its height more than ninety percent of the globally enrolled student body were not in school. That’s more than 1.6 billion learners. Nearly two years on from the start of the pandemic, hundreds of millions of children are still not back in the classroom. In Uganda, as the BBC’s Patience Atuhaire tells us, schools were closed in March 2020 before the country registered a single coronavirus case. They are yet to reopen. She interviews a father whose twelve children have missed nearly two years of school. Robert Jenkins, the Director of Education and Adolescent Development at UNICEF, says the global economic impact of this lost education amounts to $17 trillion. He says the need for governments around the world to reopen all schools is critical.(picture of Fred Ssegawa's children via BBC).