| A world “drowning in oversupply” of oil and other commodities could make 2016 a super-cheap year for Asia’s major resource importers such as China and Japan. However, the drag on growth for commodity exporters is putting yet more pressure on emerging markets, according to the World Bank.
In a January 26 report, the Washington-based lender cut its forecast for crude oil prices to just $37 a barrel, down from $51 in its October projections, while also cutting price forecasts for 37 of the 46 commodities it monitors...............................................Full Article: Source
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