The charts from Capital Economics:
The worst chart may be the last one. It suggests that large swathes of Chinese migrant workers remain bunkered, meaning the supply side shock is nowhere near over.
And the external shock is yet to come.
The charts from Capital Economics:
The worst chart may be the last one. It suggests that large swathes of Chinese migrant workers remain bunkered, meaning the supply side shock is nowhere near over.
And the external shock is yet to come.
The full text of this article is available to MacroBusiness subscribers