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All the guardrails are off today, folks.
At the end of the day, consumers need jobs and stable income, says labor economist Elizabeth Crofoot of Lightcast.
Ship traffic is back to about 90% of where it was prior to the bridge collapse.
Thousands of wholesale seafood producers and buyers from around the world gathered in Boston for the North American Seafood Expo.
“Trade barriers drive inflation,” explained Tobias Meyer, CEO of the German logistics company DHL Group.
The annual expansion was revised down to 1.3%. That could indicate softening elsewhere, including trade partners like Canada and China.
Cargo ships have grown since the Francis Scott Key Bridge was built. Collisions have greater impact, physically and economically.
“If we have a China that’s growing more slowly, there’s less opportunity” globally, says economist Adam Posen.
Demand for electric vehicles is a big driver of the revival.
The World Trade Organization predicted trade would grow by 1.7% in 2023. It’s been revised to 0.8% due in part to stubborn inflation.