Global economic prospects 2009 : commodities at the crossroads

摘要: The release of this year's global economic prospects finds the world economy at a crossroads. Markets all over are engulfed in crisis, with stock markets sharply down and volatile, almost currencies having depreciated substantially against dollar, risk premiums on wide range debt increased by 600 or more basis points. Commodity too have turned corner. Following several years increase, prices plummeted, although well above their 1990s levels, they given up most increases past 24 months. Chapter one report examines medium-term implications crisis for developing-country growth, inflation, trade. two looks longer-term supply demand commodity markets. It takes into account long-term growth developing countries rising share GDP (gross domestic product), declining quality new pools resources, influence technology both supply. Finally, chapter three reports poverty impacts high effectiveness policies producing consuming dealing challenges posed periodic bouts prices.