Pig `Ebola' Virus Sends Shock Waves

The transcript discusses the outbreak of swine fever, which began in August and has spread across China, Mongolia, Cambodia, and Vietnam. China, being a major consumer of pork, is significantly affected. The outbreak has led to rising pork prices, impacting the global supply chain and causing inflation concerns. Analysts predict a ripple effect on other meats and the broader economy, with central banks having less flexibility to stimulate economies due to rising inflation.

What makes China particularly vulnerable to the swine fever outbreak?

• It has a large population of pigs.

• It has advanced agricultural technology.

• It is a major exporter of pork.

• It is isolated from other countries.

How might the swine fever outbreak affect the global supply chain?

• It will have no impact on the supply chain.

• It will decrease the demand for pork.

• It will lead to a surplus of pork.

• It could disrupt the supply of pork globally.

Which regions have experienced a surge in pork prices due to the outbreak?

• Only the EU

• Only America

• China, America, and the EU

• Only China

What is a potential consequence of rising pork prices in China?

• Stable inflation

• Decreased inflation

• Increased inflation

• Deflation

How might higher inflation due to rising pork prices affect central banks?

• It gives them more flexibility for monetary stimulus.

• It reduces their ability to implement monetary stimulus.

• It has no effect on their policies.

• It forces them to lower interest rates.