Suez Canal in trouble: Impact on supply chains, global economy
CGTN, 31 Mar 2021
The mammoth container ship Ever Given is finally on the move after blocking traffic on the Suez Canal. The blockage was reportedly holding up $9.6 billion worth of goods a day, and delaying the shipment of another 3 million to 5 million barrels of oil each day. Now that the Suez Canal is slowly returning to normal, how bad are the ripples across the already fragile global economy, and will it further delay global economic recovery?
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