Supply Chainsaw Massacre? The IMF raised its inflation outlook & lowered its global growth forecast "citing supply-chain disruptions in rich economies and global-health concerns caused by the...Delta variant." Moral of the story: get vaccinated www.wsj.com/articles/imf-cuts-global-growth-forecast-amid-supply-chain-disruptions-warns-of-inflation-risks-11634043601?st=yt0zkz53u9uwqtp&reflink=desktopwebshare_twitter
The next world crisis in front of us: Supply Chain Disruption. Keynesian Economics won’t work anymore. The world is too “big” now. It would work if we had infinite ports, ships, fuel, factory space, workers, and resources. But all those are finite.
As the nation's top state for international trade and the 9th largest economy in the world, limiting supply chain disruptions is critical to the Texas economy. #txlege comptroller.texas.gov/about/media-center/news/20211005-texas-comptroller-glenn-hegar-continues-good-for-texas-tour-supply-chains-edition-1633358929566
The global trade finance gap rose 15% to $1.7 trillion in 2020 as Covid sent shock waves through trade and supply chains, according to the Asian Development Bank www.bloomberg.com/news/articles/2021-10-11/global-trade-finance-gap-widens-to-1-7-trillion-on-covid-19 via @economics