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I don't think so. Shipping, for instance, came to comparative stand still in 2009. Exports dropped more then than what was reported today for January, but it di
by zhdc1 7y ago
I don't think so. Shipping, for instance, came to comparative stand still in 2009. Exports dropped more then than what was reported today for January, but it didn't have the same impact to the tertiary sector that Covid-19 undoubtedly had last month.
- jdminhbg 7y agoThere's a big difference between "there is a delay in producing or shipping your inputs to you" and "your inputs have been sunk and the country that produces them is at a state of war with us."
- zhdc1 7y agoNot really. In both cases what matters is whether the products were manufactured, shipped, and delivered. The latter case is actually more beneficial, since it implies that factories are running, people are working, and at least some products are being successfully shipped.