June 22, 2021
Economy

Global economic demand on the rise. Supply, a problem. 

When the world was struck by a sudden unfriendly pandemic last year, demand in the economy vanished with a warping speed. With loss in demand and business, the world economy came to a standstill. Looking back at the, particularly, despicable and arduous times, current scenario speaks quite differently. In fact today, demand is not a problem for most of the businesses, it is surging. Rather, they are struggling to secure supplies, including the raw material inputs and workers needed to meet this demand.

Given economic reopening, solid corporate and household balance sheet, the economists and the experts are flabbergasted that the demand in the economy has been bolstered to such an extent. It is a phenomenon that is likely to persist in the months and quarters ahead, especially in those countries that are able to contain Covid-19 infections effectively and are able to vaccinate a…

Read full article…