‘Higher costs over instability&#82 • Table.Briefings

Wan-Hsin Liu is an economist at the Kiel Institute for the World Economy

Supply chains were far from back on track when Omicron began to spread around the globe. This could lead to factory and port closures in China, resulting in another bottleneck of goods and parts in Germany. Economist Wan-Hsin Liu from IfW Kiel spoke with Finn Mayer-Kuckuk about the possible ramifications.

Dr. Liu, there is currently a growing fear that the spread of Omicron to China could take the supply problem to a whole new dimension. The German trade association BGA and the BDI are already alerted.

‘Higher costs over instability’

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