US GDP fell at a 1.4% annualized rate

 The median projection in a Bloomberg survey of economists called for a 1% increase. 

The contraction was due to a jump in imports and a drop in exports, coupled with a slower buildup of businesses’ stockpiles. On a year-over-year basis, the economy grew 3.6%.

 Bloomberg 28 april 2022

https://www.bloomberg.com/news/articles/2022-04-28/u-s-economy-contracted-in-first-quarter-on-surge-in-trade-gap


Global Supply Chain Crisis Flares Up Again

Ports are already snarled, with the $22 trillion trade in global goods facing months of severe disruption.

Bloomberg 25 april 2022  

https://www.bloomberg.com/news/features/2022-04-25/china-s-covid-crisis-threatens-global-supply-chain-chaos-for-summer-2022


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