28.08.2013 - The global implications of falling commodity prices
The decade-long commodity-price boom has come to an end, with serious implications for global GDP growth. And, although economic patterns do not reproduce themselves exactly, the end of the upward phase of the commodity super-cycle that the world has experienced since the early 2000ís dims developing countriesí prospects for continued rapid catch-up to advanced-country income levels. Over the year ending in July, The Economistís commodity-price index fell by 16.5% in dollar terms (22.4% in euros) with metal prices falling for more than two years since peaking in early 2011...............................................Full Article: Source
Print