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DBS: Commodities market to recover in 2013

Posted on 09 January 2013

Commodities prices, particularly for base metals, should recover along with the Chinese economy in the first quarter of 2013, according to a DBS Bank report published on Jan 8. “The base metals recovery should continue, initially on confirmation of China’s rebound, and eventually when the world’s second-largest economy betters the consensus estimate of 8.1 percent growth,” said Lim Say Boon, chief investment officer at DBS.
DBS expects China to record a 9 percent economic growth rate in 2013. Beijing’s new leaders will likely provide fresh monetary and fiscal support to an economy already in the early stages of a business cycle turnaround………………………………………..Full Article: Source


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