The economic impact of Covid-19 on global trade and supply chains
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The economic impact of Covid-19 on global trade and supply chains
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In this latest podcast instalment, GTR speaks with Rajiv Biswas, Chief Economist for Asia Pacific at IHS Markit on the impact of COVID-19 on trade and global supply in East Asia.
Among the key points covered:
- Where do from here? Assessing the risk of financial crises arising due to deep global economic shocks
- How long can the lockdown of major economies continue as global unemployment and government debt levels soar?
- To what extent does the current situation demonstrate the importance of robust value chains?
- Are we likely to see a change in the approach to dealing with China going forward?
- Has the pandemic exposed flaws in the 'just in time' inventory model particularly in the supply of essential products?
- What are the likely political consequences of the huge expenditure undertaken by nation states to prop up their economies?
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