Quantifying the Global Economic Impact from the Red Sea Shipping Disruptions

The Red Sea, a vital artery of global trade, witnessed unprecedented disruptions in recent times. From the Ever Given container ship grounding in 2021 to the Houthi missile attacks on vessels in 2023, these incidents have thrown a wrench into the carefully oiled machinery of international commerce. Quantifying the precise economic impact of these disruptions, however, is a complex endeavour, akin to tracing the ripples cast by a pebble in a vast ocean.
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