Shock Waves Through Asia Are Likely to Spread

New York Times: “Many countries across the Asia-Pacific are experiencing sudden jolts of disruption that they are struggling to manage, with some comparing the crisis’s breakdowns and scope to the Covid pandemic.”

“Even if there is a peace deal soon, the future of this industrious region that has driven global economic growth for decades will likely include months of canceled flights, surging food prices, factory pauses, delayed shipments and empty shelves for products long considered quick and easy to buy worldwide: plastic bags, instant noodles, vaccines, syringes, lipstick, microchips and sportswear.”

“Collectively, according to many officials and experts, if the war’s strangling of commercial traffic through the Middle East lasts for even a few more weeks, and uncertainty lingers, shortages could push several countries into convulsions of unrest, followed by recession.”