06.11.2015 - Has 'Commodities' Slump Undercut Emerging Nations?
While the 60% oil price crash from September 2014 to current levels has largely impacted the major producers (Russia, U.S., Saudi Arabia), a much wider range of commodity price depression is raising havoc with previously fast-growing emerging economies (Brazil, South Africa, Australia, Indonesia, etc.). The latter, whose economic dynamics were heavily predicated on a large proportion of commodity reserves are now undergoing a serious deflation in economic growth, voiding any chance of expansion, while this deep commodity price depression persists. With the major segment of these nations' gross domestic product based on commodity exports, forward growth has become impossible until commodities, in general, return to previous price levels...............................................Full Article: Source
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