Live Breaking News & Updates on World Bank Senior Economist John

Stay updated with breaking news from World bank senior economist john. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Commodity prices to stabilise after early 2021 gains - World Bank report


Energy prices are expected to average more than one-third higher this year than in 2020, with oil averaging $56 a barrel. Metal prices are expected to climb 30 per cent, and agricultural prices are forecast to rise almost 14 per cent. Almost all commodity prices are now above pre-pandemic levels, driven by the upsurge in economic activity, as well as some specific supply factors, particularly for oil, copper, and some food commodities.
“Global growth has been stronger than expected so far and vaccination campaigns are underway, and these trends have buoyed commodity prices. However, the durability of the recovery is highly uncertain,” said Ayhan Kose, World Bank Group Acting Vice President for Equitable Growth, Finance & Institutions and Director of the Prospects Group. “Emerging market and developing economies, both commodity exporters and importers, should strengthen their short-term resilience and prepare for the possibility of growth losing momentum.� ....

United States , Ayhan Kose , World Bank Group , World Bank Senior Economist John Baffes , World Bank Group Acting Vice , Organization Of The Petroleum Exporting Countries , World Bank , Prospects Group , World Bank Group Acting Vice President , Equitable Growth , Petroleum Exporting Countries , South America , Special Focus , World Bank Senior Economist John , ஒன்றுபட்டது மாநிலங்களில் , ஐகான் கோஸ் , உலகம் வங்கி குழு , உலகம் வங்கி குழு நடிப்பு துணை , ஆர்கநைஸேஶந் ஆஃப் தி பெட்ரோலியம் ஏற்றுமதி நாடுகள் , உலகம் வங்கி , ப்ராஸ்பெக்ட்ஸ் குழு , உலகம் வங்கி குழு நடிப்பு துணை ப்ரெஸிடெஂட் , சமமான வளர்ச்சி , பெட்ரோலியம் ஏற்றுமதி நாடுகள் , தெற்கு அமெரிக்கா , சிறப்பு கவனம் ,

Commodity Prices to Stabilize after Early 2021 Gains, Supported by Global Economic Recovery