The world’s largest exporter and producer of palm oil, Indonesia, is imposing a ban on the export of palm oil from April 28. The reason is a local shortage. The supply cuts will remain in effect until the Indonesian government is satisfied that the shortage is over, according to Bloomberg, Joko Widodo, the country’s president, […]
Tag: deficit
Diesel fuel shortage becomes a new problem
In the world market, a new deficit that has crept up unnoticed and has already caused serious concern is the lack of diesel fuel. He took his place in the list of already existing deficits: coal, microchips in the automotive industry, electricity and gas, fertilizers and, ultimately, the coming food shortages. Deliveries of diesel fuel […]
Tourism is down 65% in the first five months compared to last year
A decrease in the incoming tourist flow by 65.5%, with a parallel decrease in tourist income by 51.2%, show for January-May 2021 the first data of the Bank of Greece. This event contributed to the worsening of the country’s current account deficit compared to the same period last year. The deficit in the current account […]