Not So Smooth Sailing: Port Congestion Around the World | Analytical Corner, Spring Meetings 2022

IMF published this video item, entitled “Not So Smooth Sailing: Port Congestion Around the World | Analytical Corner, Spring Meetings 2022” – below is their description.

Rising inflation and reports of empty shelves in major economies have drawn attention to the functioning of supply chains that normally operate smoothly in the background. Among the issues, the long delays that port congestion causes in delivering goods to consumers and firms have been drawing increasing attention.

This talk will shed light on these issues leveraging billions of radio messages that cargo ships emit for navigational safety purposes and that are picked up from land stations and satellites in space. For the world as a whole, our machine-learning-derived estimates show substantial welfare losses from port disruptions. Zooming in on major ports, some lessons emerge on how temporary the disruptions might prove, and on the need to address infrastructure gaps.

Read the paper: https://bit.ly/3uZouz1

IMF-World Bank 2022 Spring Meetings:

http://www.fundbankmeetings.org

#IMFmeetings

IMF YouTube Channel

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.


About This Source - IMF

The International Monetary Fund (IMF) is an organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

Recent from IMF:

Saudi Arabia: 2022 Country Update

المملكة العربية السعودية: تحديث البلد لعام ٢٠٢٢

《世界经济展望》2022年7月

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.

1 Recent Items: Inflation

Arca Exec on Bitcoin Outlook: 2022 Will Be ‘Pretty Tough’

Leave a Comment

We don't require your email address, or your name, for anyone to leave a comment. If you do add an email address, you may be notified if there are replies to your comment - we won't use it for any other purpose. Please make respectful comments, which add value, and avoid personal attacks on others. Links are not allowed in comments - 99% of spam comments, attempt to post links. Please describe where people may find additional information - for example "visit the UN website" or "search Google for..." rather than posting a link. Comments failing to adhere to these guidelines will not be published.