|
World Trade Hit by Virus Sees Worst Collapse in a Generation
[gCaptain]The global economy’s most abrupt and consequential shock in at least a generation is unfolding at ports and other hubs of international commerce as the U.S. and Europe struggle to contain the coronavirus pandemic.The Great Recession, the Sept. 11 attacks, the 1973 oil embargo — none of these modern crises constricted trade flows as quickly and as sharply as the Covid-19 disease has. Not even World War II delivered the kind of sudden economic knockout that is paralyzing global supply chains and rendering almost silent the most bustling cities in the developed world as businesses close and consumers obey orders to stay at home. Posted by: Alaska Paul 2020-03-27 |
| http://www.rantburg.com/poparticle.php?ID=567033 |