Record Profits for Shipping Industry

Bloomberg Markets and Finance published this video item, entitled “Record Profits for Shipping Industry” – below is their description.

It’s been a record year of profits for the shipping industry and earnings are expected to stay elevated well into 2022. But, economists are warning that persistently high prices for transportation and logistics globally are stoking inflation and clouding the recovery. Bloomberg’s Brendan Murray reports on “Bloomberg Daybreak: Europe.”

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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