Your Monday morning coffee briefing from TFG. The IMF upgraded its growth forecasts for developed countries and said the global recession would have been three times as deep had governments not intervened.
Your Monday morning coffee briefing from TFG. A container ship ran aground, blocking the Suez Canal which carries about 12% of global maritime trade. The blockage may take some time to clear, further disrupting global shipping, already beset by high freight costs and delays caused by the pandemic.