Australia’s China-dependent economy starts to feel the effect of the virus

Australia’s freight volumes have taken a nosedive due to the coronavirus crisis – one ocean carrier reportedly cutting temporary staff as a result.
Cam Dumesny, chief executive of the Western Roads Federation (WRF), said the impact from China’s extended factory shutdown and subsequent cargo congestion would be severe.
“This is due to the heavy integration of our economy and supply chains with China’s,” he told The Loadstar.
“Early stage reports are a 20% …

The post Australia’s China-dependent economy starts to feel the effect of the virus appeared first on The Loadstar.

Source: The Loadstar

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