By Christian Lanng Structural changes in the world economy could make it a recurring problem. As the world swelters in record temperatures from the U.S. to China, sizzled citizens can at least look forward to summer’s inevitable end and the arrival of misty, fruitful autumn. For the global economy, sadly, no such relief is in sight. At the beginning of the year, there were reasons for tentative optimism as the supply chain bottlenecks of the previous 18 months started to ease. Then Russia decided to invade Ukraine and all hell broke loose. Back in April, Tradeshift’s quarterly Index of Global Trade Health recorded the biggest fall in transaction volumes across the Eurozone since the beginning of the pandemic, while global manufacturing activity was 25% lower than expected. READ FULL ARTICLE>>
