A ship recently blocked which trade route causing the world economy to lose million of Dollars?
Correct answer: C. Suez Canal
- A. Strait of Malacca
- B. Indus River
- C. Suez Canal
- D. Red Sea
Explanation
The container ship Ever Given blocked the Suez Canal, a crucial route between Asia and Europe. The obstruction delayed hundreds of vessels and disrupted global trade, costing millions of dollars daily.
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About Global Economy
Global economy covers growth, inflation, interest rates, exchange rates, public debt, trade and employment across major economies. It also includes the work of the IMF, World Bank, WTO and central banks, along with oil and commodity prices, supply-chain disruptions, sanctions, trade agreements and the economic effects of international crises.
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