| The IMF’s latest forecast of commodity price outlook shows the global economy is unlikely to see a quick revival in 2014. Futures markets show most commodity prices remaining flat or declining over the next 12 months, with the exception of gasoline, natural gas and some food products, IMF said in the report.
Going by the latest commodity price trends, it is likely that global GDP growth rates may fall short of IMF’s October forecast of 3.6% for 2014. But there is some good news for India. First, IMF forecast oil prices, both WTI and Brent, are expected to decline due to an expected rise in non-OPEC supplies, and possible recovery from outages in OPEC nations...............................................Full Article: Source
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