The hits to global trade keep coming
Kia ora,
Welcome to Friday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.
I'm David Chaston and this is the international edition from Interest.co.nz.
Today we lead with news global container freight rates are rising to ridiculous levels now, just another element that is stifling world trade.
But first up, we should note that it is a public holiday in the US; Independence Day. And it is likely that many will take tomorrow off as well to make a four-day weekend. To data from the world's largest economy is absent today.
But there will be the…
The skinny
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