The import slowdown was caused by inflation: will it pick back up?

InflationMoney Matters
Written By Jennifer Joslyn

The Covid-19 pandemic caused an import surge that flooded the supply chain with too much product for months - but inflation seemed to have the opposite effect. Now, there is an influx of products sitting in containers at ports or in warehouses. Large demand from retailers in the U.S. have left the economy in a pickle - what do we do about this epic slowdown?

The consumer behavior shift was a result of inflationary pressures from energy and fuel costs. They are more likely to spend money on crucial items like healthcare or groceries over television sets and clothes.

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Jennifer Joslyn
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