"Even with the experience of the past two years, there is no model that can predict how the economy responds to a pandemic. What we have learned is that each successive variant has slowed down the economy, but that the degree of slowdown has been less."

National Retail Federation chief economist Jack Kleinhenz, commenting this week in the NRF announcement, “NRF Chief Economist Says Omicron Could Contribute to Uncertainty and Inflation But Is Unlikely to Bring Shutdowns”