Overseas Headlines – December 6, 2021

United States:

U.S. Winds of Inflation Are Blowing Winter Gale: Eco Week Ahead

“The winds of inflation in the U.S. strengthened further in November with consumer prices projected to show the largest annual advance in decades, keeping pressure on the Federal Reserve to deliver swifter policy tightening. The widely followed CPI gauge probably increased 6.7% from November 2020, according to the median projection in a Bloomberg survey of economists. Compared with a month earlier, prices are seen rising 0.7%.”



U.K. Logistics Industry Battles Shortages of Truckers, Forklift Drivers

“Covid-19 and Brexit have created a “perfect storm” of unemployment and skills shortages that are roiling supply chains across the U.K., with substantial declines in truckers and forklift drivers that are showing early signs of slowing. Those are among the key takeaways from a report released Monday from Logistics UK, a trade organization based in Kent that compared workforce figures between the April-June periods of 2019 and this year.”



Rethinking China Trade 20 Years After It Joined the WTO

“At the turn of the century, there were high hopes that China’s WTO accession would mark the dawn of a new era for global trade. Former U.S. President Bill Clinton even boasted that by joining the WTO, China was “agreeing to import one of democracy’s most cherished values: economic freedom.” Now, governments and businesses around the world are grappling with what the next two decades will bring as China’s massive economic weight reshapes the global trading system in ways that were previously unimaginable.”




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