Energy crises in Europe and China could impact economic forecasts, supply chains, and beyond, according to reports. Axios notes that Europe “has for weeks been facing sky-high natural gas and power prices,” while China “is facing electricity shortages that are hobbling factories.”
Reuters published this analysis of China’s electricity crunch, which has been triggered by a “shortage of coal supplies, toughening emissions standards, and strong demand from manufacturers.” 9/29/2021