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Submission: On January 08 via manual from BE — Scanned from DE
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Home 2. Global Economics 3. Global Economics Update 4. What to make of the latest disruption in the Red Sea WHAT TO MAKE OF THE LATEST DISRUPTION IN THE RED SEA 4th January 2024 The redirecting of trade ships away from the Red Sea and the associated rise in shipping costs are unlikely to lead to a resurgence in global inflation. However, if the warfare underpinning the disruption to shipping escalates into a wider regional conflict, that would pose inflationary risks via higher energy prices. BECOME A CLIENT TO READ MORE This is premium content that requires an active Capital Economics subscription to view. ALREADY HAVE AN ACCOUNT? You may already have access to this premium content as part of a paid subscription. Sign in to read the content in full or get details of how you can access it Sign in REGISTER FOR FREE Sign up for a free account to gain: * Unlock additional content * Register for Capital Economics events * Receive email updates and economist-curated newsletters * Request a free trial of our services Get access DETAILS READ MORE ABOUT * Inflation * International Trade & Balance of Payments * Monetary Policy * Middle East * G10 * Global WRITTEN BY Simon MacAdam Senior Global Economist Lily Millard Assistant Economist READ MORE ABOUT * Inflation * International Trade & Balance of Payments * Monetary Policy * Middle East * G10 * Global RELATED Global Economics Update SHIPPING DISRUPTION UNLIKELY TO ALTER INFLATION’S COURSE The rerouting of trade ships away from the Red Sea has come at a time of disruption to shipping elsewhere in the world, but it is unlikely to alter the broad pattern of falling core inflation in 2024... 21st December 2023 · 6 mins read Global Economics Update WEAK PMIS SUGGEST SOFT START FOR INDUSTRY IN 2024 Although the manufacturing PMIs have overstated the weakness of industry for a while, the big picture from December’s surveys was that global industrial activity was barely growing at the end of 2023... 2nd January 2024 · 3 mins read Long Run Update WHICH COUNTRIES WILL STRUGGLE TO SHRINK FISCAL DEFICITS? Most major DMs need to shrink their primary budget deficits significantly and, for various reasons, most are likely to find it hard to do so. This will exacerbate growing worries about fiscal... 20th December 2023 · 4 mins read Global Economics Update YOUR QUESTIONS AFTER THE LATEST CENTRAL BANK MEETINGS We recently held an online Drop-In session to discuss the December policy meetings and the outlook for monetary policy in the year ahead. (See a recording here .) This Update answers several of the... 18th December 2023 · 5 mins read UPCOMING EVENTS EM DROP-IN: IS TURKEY’S POLICY SHIFT THE REAL DEAL? 9th January 2024 DROP-IN: 2024 US CRE OUTLOOK – ANOTHER YEAR OF DOUBLE-DIGIT VALUE FALLS 10th January 2024 US DROP-IN: DECEMBER CPI AND THE FED’S 2024 PATH BACK TO ITS 2% INFLATION TARGET 11th January 2024 DROP-IN: 2024 EM OUTLOOK – BIG GROWTH DIVERGENCE IN A BIG ELECTION YEAR 11th January 2024 ASIA DROP-IN: TAIWAN ELECTION 2024 – DOMESTIC AND GLOBAL IMPLICATIONS 15th January 2024 RESOURCES 1. Capital Calls 2. Chief Economist's Note 3. New: Forecast Hub 4. Events and Webinars 5. Podcasts 6. Consultancy FOOTER Email support@capitaleconomics.com Phone Number +44 (0)20 7823 5000 Capital Economics Ltd 5th Floor, 100 Victoria Street Cardinal Place London FOOTER MENU SERVICES 1. CE Advance 2. CE Gateway 3. Consultancy INSIGHTS 1. Chief Economist's Note 2. In The News 3. Upcoming Events POLICIES 1. Privacy 2. Terms of Sale 3. Terms of Use 4. 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