$80bn unforeseen economic crisis set to hit If you thought the Suez blockage was bad for world trade, you ain’t seen nothing yet. A new shortage is looming and Australia is underprepared.
Business by Benedict Brook 17th Apr 2021 11:09 AM The blockage of the Suez Canal by the container ship Ever Given is estimated to have cost the global economy some $13 billion. The Egyptian Government wants a billion dollars from the ship s owners just for the trouble it caused. This time the item threatening financial upheaval is as small as its impact is large and could make the Suez blockage will be a mere drop in the ocean, or rather, canal.
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