Trade fell by about 12 % in the second quarter of 20 20 relative to late 20 19. That's a similar drop in trade to what happened during the global financial crisis, but it happened much more quickly than has typically been the case in other recessions. The i m f finds that there's i improvement over time in the effect of a given lock down on ade. And they chalk this up to adaptability of supply chains and learning to get around mobility restrictions better.
BRITAIN’S GOVERNMENT has proposed sending asylum-seekers to
Rwanda. The plan has been widely criticised as expensive and ineffective—but the greater danger is that the plan works. New research suggests that diversification, rather than boosting domestic production, may keep
supply chains resilient. And our correspondent considers the legacy of
Charles Mingus, an American composer and bassist born 100 years ago today.