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Commodities demand to endure: BofA

Posted on 12 December 2012

Global demand for commodities likely will survive domestic and global threats such as the fiscal cliff and the euro crisis over the next two years, buoyed by global growth and a stronger Chinese economy, analysts said at the Bank of America Merrill Lynch Global Research 2013 Year Ahead.
“We’ve heard about the impending fiscal cliff. This could be a big risk to markets,” said Francisco Blanch, head of global commodities and derivatives research at New York-based Bank of America Merrill Lynch. “(But) we expect global growth to be roughly 3.2 percent next year, and this will lend some support (to) commodity demand in general.”……………………………………….Full Article: Source


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