Economists are predicting an inflation “pinch' for American consumers as efforts are ongoing to clean up the debris of the Francis Scott Key Bridge collapse.
Economists are predicting that Americans will feel a "pinch" in terms of their grocery bills, gas prices and other goods as local shipping and maritime traffic remain snarled Thursday following the collapse of the Francis Scott Key Bridge in Baltimore.
" "However, the impact for the Baltimore economy is likely to be substantial," he said, adding that "Baltimore is an important harbor and its inability to operate normally will push the overall supply chain a step closer to capacity, at a moment in which geopolitical risk already creates issues.
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Baltimore Bridge Collapse Will Have Minimal Effects On Vehicle Inflation, Economists SayI am a Washington D.C. based reporter. My previous work includes USA Today, E&E News, the Baltimore Sun, NBC News and Maryland Matters. I am a graduate of Saint Joseph's University with a degree in political science. Email me at afaguyforbes.com and follow me on Twitter AnaFaguy.
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