Economy crises

Global Economy Crises To Crumble Amid Surging Shipping Rates

  • Supply chains are getting hit again by curbs to control virus.
  • Chinese new year holidays, strong demand adding to the crunch.

Shocks to supply chains are engulfing a wider swath of the global economy as the pandemic rages on, threatening to stifle Asia’s trade-led recovery just as soaring freight rates make it harder for businesses to weather another year like 2020, reports Bloomberg.

Shortfalls in auto manufacturing

Shortages of consumer goods like paper towels and work-from-home gear early in...

https://mfame.guru/global-economy-crises-to-crumble-amid-surging-shipping-rates/

COVID19 Causes ‘Biggest Emissions Fall’ Since Second World War

  • The economic fallout from the uncontrolled spread of COVID-19 resulted in a sharper emissions drop than the 2009 recession, when emissions slid 6.3%.

Reuters quotes a report by the Rhodium Group which states that U.S. greenhouse gas emissions fell 10.3% in 2020.

As the coronavirus crippled the economy, this is termed as the largest drop in emissions in the post-World War II era.

Sharp emission drop

The economic fallout from the uncontrolled spread of COVID-19 – especially in big emitting sectors...

https://mfame.guru/covid19-causes-biggest-emissions-fall-since-second-world-war/