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Causes of the economic slowdown included workers becoming sick with COVID-19 as well as mandates and restrictions affecting the availability of staff. In cargo shipping, goods remained at port due to staffing shortages. The related global chip shortage has contributed to the supply chain crisis, specifically in the automobile and electronics ...
During the pandemic, car inventory dropped due to supply chain issues that impacted the availability of semiconductor chips, leading to higher prices on vehicles. As new car supply and sales...
Car Insurance Costs Surpassed $2,300 in the First Half of 2024. The average annual cost of full coverage hit $2,329 in June 2024, a 15% increase from $2,018 at the end of 2023.
Due to the COVID-19 pandemic, Congress and President Trump enacted the $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES) on March 18, 2020. The Congressional Budget Office estimated that the budget deficit for fiscal year 2020 would increase to $3.3 trillion or 16% GDP, more than triple that of 2019 and the largest ...
Even if you don't have an EV, car insurance costs have jumped 26% over the past year! That's why shopping for cheap car insurance is a smart idea, no matter what vehicle you decide to buy. 2.
The chip shortage and a major increase in cryptocurrency mining led to a shortage in high-end graphics cards for computers. [164] [165] Microsoft and Sony Interactive Entertainment warned of shortages of their Xbox Series and PlayStation 5 video game consoles due to high demand and supply chain disruption. [166] [167]
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