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Russia’s deputy chairman of the Security Council warns of major food crisis
Russia’s deputy chairman of the Security Council warns of major food crisis Read more At: https://www.aninews.in/news/world/asia/russias-deputy-chairman-of-the-security-council-warns-of-major-food-crisis20211101131512/?fbclid=IwAR10LvlQqZOeS3kQwU71Jte_oG08IGPZcENnMDtl24sEKU1i7-q_uk4MDck
“These Numbers Are Ugly” – WTO Forecasts Collapse In World Trade, Recovery For 2021
“These Numbers Are Ugly” – WTO Forecasts Collapse In World Trade, Recovery For 2021 The World Trade Organization (WTO) published a new report on Wednesday that is truly apocalyptic, and crushes all hopes that a V-shaped recovery would be seen this year (similar to what Morgan Stanley said last week): “World trade is expected to fall by between 13% and […]
“Unprecedented Decline” – The Collapse In World Trade Is A Once In A Generation Shock
“Unprecedented Decline” – The Collapse In World Trade Is A Once In A Generation Shock COVID-19 is expected to produce a global recession depression as nearly all of the world’s major economies have ground to a halt between February and March, expected to continue through April. The crash in China’s economic activity, shown last month, suggests that Europe […]
Shocking New Study Concludes That The “Best Case Scenario” For A COVID-19 Pandemic Is 15 Million Dead
Shocking New Study Concludes That The “Best Case Scenario” For A COVID-19 Pandemic Is 15 Million Dead Over the past week, the number of confirmed cases of COVID-19 outside of China more than tripled once again. Hopefully it is extremely unlikely that such a rapid growth rate will continue, because if it does, there will […]
The Coronavirus Is A Nightmare For The Global Economy
The Coronavirus Is A Nightmare For The Global Economy Trade is already being crippled. And there’s no relief in sight. As China has now placed hundreds of millions of its citizens under quarantine, its economy is grinding to a halt. Workers can’t leave their homes. Factories are idle. Most (if not all) of China’s ports […]
OECD Slashes Global Growth Outlook, Warns Germany Already In Recession
OECD Slashes Global Growth Outlook, Warns Germany Already In Recession In one of the most downbeat forecasts on the global economy that we’ve seen so far this year, the Paris-based organization of wealthy nations known as the OECD – the Organization for Economic Cooperation and Development – warned that the global economy is heading toward a […]
DHL Sounds Alarm On Collapsing World Trade: “Significant Downturn” Underway
DHL Sounds Alarm On Collapsing World Trade: “Significant Downturn” Underway A new quarterly report from logistics company DHL, measured global air and sea cargo trade volumes between March and June, found trade data continues to deteriorate in the US and China as there is still no resolution to end the trade war, reported South China Morning Post(SCMP). Chinese […]
“Significant Slowdown” Spooks Maersk At Mediterranean’s Third Largest Port
“Significant Slowdown” Spooks Maersk At Mediterranean’s Third Largest Port Malta Freeport, the third largest transshipment port in the Mediterranean region and located on the island of Malta, has seen a “significant slowdown in business activity” since 2H18. One of its major clients, Maersk, the largest container ship and supply vessel operator in the world, has […]
Global Trade Collapsing To Depression Levels
Global Trade Collapsing To Depression Levels With the trade war between the US and China re-escalating once more, investors are again casting frightened glances at declining global trade volumes, which as Bloomberg writes today, “threaten to upend the global economy’s much-anticipated rebound and could even throw its decade-long expansion into doubt if the conflict spirals […]
World Trade Suffers Biggest Collapse Since Financial Crisis
World Trade Suffers Biggest Collapse Since Financial Crisis The recent collapse in world trade volume is the worst since the financial crisis and as dangerous as during the dot-com bubble of the early 2000s, according to The Telegraph. Data from the CPB Netherlands Bureau for Economic Policy Analysis revealed that world trade volume dropped 1.8% in the three […]
Global Economic Slump Imminent As Korean Exports ‘Canary’ Crashes
Global Economic Slump Imminent As Korean Exports ‘Canary’ Crashes In the latest sign that the slowdown in China and the global trade war is weighing on global commerce, South Korea’s exports fell in December. The 1.2% YoY decline was dramatically below the +2.5% YoY expected and missed even the most pessimistic forecast (which was still […]
Globalization Has Hollowed Out Rural America
Globalization Has Hollowed Out Rural America The value of local control and local capital far exceed the pathetic “savings” reaped from shoddy commoditized goods. What do we make of an economy in which a handful of bubblicious urban areas are magnets for jobs and capital while rural communities have been hollowed out? The short answer is that this progression of […]
Global Trade Hit By Rare Decline As “Supply Chains Seize Up”
Global Trade Hit By Rare Decline As “Supply Chains Seize Up” With the Trump administration about to slap tariffs of up to 25% on an additional $200 billion in Chinese goods, new data suggests that the global slowdown has already begun. Confirming our observations from two weeks ago, in which we showed that the latest […]
A Hard Rain’s a-Gonna Fall
A Hard Rain’s a-Gonna Fall The prospects for the rest of the year are awful Après moi, le déluge ~ King Louis XV of France A hard rain’s a-gonna fall ~ Bob Dylan (the first) As the Federal Reserve kicked off its second round of quantitative easing in the aftermath of the Great Financial Crisis, hedge fund […]
