In December 1990, the Soviet Union withdrew from its bilateral trade agreement with Finland. This was followed by a dramatic collapse in Finnish-Soviet trade and a deep economic crisis in Finland. This column re-assesses the role of the trade collapse in causing the Finnish Great Depression in the early 1990s. The trade shock had a strong negative effect on the Finnish economy
The rise in COVID-19 infections in China s southern Guangdong province has sparked fears of further disruption in international trade that may drive the price of the country s exports
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Research from EY and London First, found 75% of businesses have experienced some Brexit trade disruption, while 49% say they expect some sort of disruption to continue in the long-term.
New post-Brexit trade restrictions have pushed up the cost of parts and raw materials for two thirds of small British manufacturers surveyed last month, and a majority reported some level of disruption. The survey of nearly 300 firms, by consultants South West Manufacturing Advisory Service (SWMAS) and the Manufacturing Growth Programme, a government and European Union-funded initiative providing support to small firms, adds to the picture of disruption from new customs checks that came into force on Jan. 1 for goods trade with the EU. "Price hikes in the supply chain have been immediate, and we are hearing tales of lead times being extended on raw materials," said Nick Golding, managing director of SWMAS.