| Commodities are expected to trade flat in 2015 but in 2016 it should take slow but steady upturn on expected positive growth in world economy, according to an annual report by SMC Global. In the coming days, deflation is the bigger global risk. Though the latest fall in commodities curb the import bill of many countries, any further growth in economy may assist commodities to build base at current levels, the report said.
IMF has forecast for 2015 global growth to 3.2%. As regards, U.S is expected to rise from 2% GDP growth in 2014 to 3.2% by 2016, while the Eurozone is expected to stabilize at 1% growth in 2015 and 2016. Japan's GDP is forecast to rise to 1.6% growth by 2016, while India is expected to post a rapid pickup, to 7.7% by 2016...............................................Full Article: Source
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