A sharp global growth slowdown and concerns about an impending global recession are weighing on commodity prices. In many economies, however, prices in domestic-currency terms remain elevated because of currency depreciations. This could deepen the food and energy crises already underway in a number of countries. As the global growth slowdown intensifies, commodity prices are expected to ease in the next two years, but they will remain considerably above their average over the past five years. Energy prices are expected to fall by 11 percent in 2023 and 12 percent in 2024. Agricultural and metal prices are projected to decline 5 and 15 percent, respectively, in 2023 before stabilizing in 2024. This outlook, however, is subject to numerous risks both in the short- and medium-term. Energy markets face an array of supply concerns as worries about the availability of energy during the upcoming winter intensify in Europe. Higher-than-expected energy prices could pass through to non-energy prices, especially food, prolonging challenges associated with food insecurity. A sharper slowdown in global growth presents a key downside risk, especially for crude oil and metal prices. A Special Focus section suggests that concerns about a possible global recession have already contributed to a decline in copper prices from their peak in March 2022, and a shift in demand from aluminum has contributed to lower aluminum prices. Prices will likely remain volatile as the energy transition unfolds and demand moves from fossil fuels to renewables, which will benefit some metal producers. Metal-exporting countries can make the most of the resulting opportunities for growth over the medium-term, while limiting the impact of price volatility by ensuring they have well-designed fiscal and monetary frameworks.
相关报告
华为市场营销体系(6版)
9007
类型:经管职场
上传时间:2023-12
标签:华为、市场、营销)
语言:中文
金额:30积分
以市场与科技驱动国企改革转型完整报告
4738
类型:专题
上传时间:2021-09
标签:市场、科技、国企改革)
语言:中文
金额:5积分
《华为销售法》华为前高管深度还原华为To B销售成功之道—读书笔记
4730
类型:读书笔记
上传时间:2023-09
标签:华为、销售、市场)
语言:中文
金额:9.9元
世界银行3.8万字报告:大宗商品市场展望(2022年10月版)(中英对照)
4656
类型:行研
上传时间:2022-11
标签:大宗商品、价格、现状及走势)
语言:中英
金额:5元
麦肯锡:中国零售市场的成功指南(中英文)
3680
类型:经管职场
上传时间:2020-11
标签:麦肯锡、零售、市场)
语言:中文
金额:15积分
摩根2022展望
3478
类型:宏观
上传时间:2022-02
标签:宏观、经济、2022)
语言:中文
金额:免费
当前房地产市场形势分析与行业发展趋势(丁祖昱)0422
2696
类型:行研
上传时间:2022-04
标签:房地产、市场)
语言:中文
金额:免费
动脉&蛋壳-2022辅助生殖行业研究报告:政策红利将成为激发8000亿市场的原动力
2694
类型:行研
上传时间:2022-04
标签:辅助生殖、政策、市场)
语言:中文
金额:5积分
《市场营销管理》Marketing Management
2582
类型:电子书
上传时间:2021-03
标签:营销管理、市场、全球化)
语言:英文
金额:5积分
Randstad:2021年中国市场展望和薪酬报告
2581
类型:专题
上传时间:2021-02
标签:市场、薪酬、展望)
语言:中文
金额:5积分
积分充值
30积分
6.00元
90积分
18.00元
150+8积分
30.00元
340+20积分
68.00元
640+50积分
128.00元
990+70积分
198.00元
1640+140积分
328.00元
微信支付
余额支付
积分充值
应付金额:
0 元
请登录,再发表你的看法
登录/注册