In international news, a coronavirus outbreak in southern China’s manufacturing and export hub may have a ripple effect on global trade.
The government of the Guangdong province have imposed lockdowns to contain a rise in COVID-19 cases which may slow activity in the region’s container ports, causing delivery delays and product shortages in Europe, Australia, the United States and beyond.
Businesses have warned of disruptions until the end of the year and with countries starting to reopen businesses and trade, this crisis could derail economic recovery from the pandemic.