Media Coverage

In the UK, NHS workers ranging from nurses to junior doctors went on strike in 2023 to express their grievances about their pay. These localised and staggered strikes have caused inconvenience, but they did not affect the UK economy significantly. However, the coordinated United Auto Workers (UAW) strike in the US, which began on September 15, is much larger in terms of scale and scope.

As the United Auto Workers strike continues, it will have a cascading effect from the auto makers to their upstream suppliers providing EV batteries and other components.

The United Auto Workers (UAW), which launched an intermittent strike at Ford, General Motors, and Stellantis manufacturing plants, has expanded the action to 38 locations in 20 states. Automotive manufacturers, which have been struggling with electronics supplies since 2020, could face another disruption to their supply chain as the labor dispute continues.

The Western news media’s focus on China’s recovering economy, following a significant downturn last year due to COVID-19 restrictions, has been unrelenting. There has been extensive speculation about the potential crash of China’s economy, yet few have delved into the critical questions: What is the likelihood of China’s economy collapsing? And if it does, what impact would this have on the global economy?

If the more bullish forecasts prove accurate, a return to triple-digit oil prices could be just around the corner.