21.07.2016 - EIU Global Forecasts Report 2016: Commodities forecasts
The Economist Intelligence Unit have produced their first global forecast since the Brexit vote. Please find below, their forecasts for commodities until 2020. EIU Report: As in the case of oil, we expect the price of industrial and agricultural commodities to stage only a partial recovery in 2016-20. After years of oversupply and falling prices, markets are finally moving back towards balance, with our aggregate commodity price index registering its first quarter-on-quarter rise in two years in April-June. Despite this upward trend, however, prices of most commodities remain well below year-earlier levels. Furthermore, rebalancing is taking place at varying speed...............................................Full Article: Source
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