Monday, October 20, 2014
Tweet[IWS] World Bank: GLOBAL ECONOMIC PROSPECTS: COMMODITY MARKETS OUTLOOK, OCTOBER 2014
IWS Documented News Service
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Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
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World Bank
GLOBAL ECONOMIC PROSPECTS: COMMODITY MARKETS OUTLOOK, OCTOBER 2014
https://openknowledge.worldbank.org/handle/10986/20455
or
[full-text, 32 pages]
Commodity prices are expected to remain weak for the remainder of 2014 and, perhaps through much of 2015.
Crude oil has seen one of the sharpest declines, down more than 20 percent to $83/barrel (bbl) on October 15
from this year’s high of $108/bbl in mid-June. Agricultural prices have weakened as well, down 6 percent since
June. Metal prices remained relatively stable, from the sharp declines seen in 2011. A slowdown in the Euro
area and emerging economies, a strong US dollar, increased oil supplies, and good crop prospects for most
agricultural commodities have contributed to the recent gyrations in markets.
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