| From FT: Global oil demand will collapse next year and commodities will not return to the highs they reached this summer in the foreseeable future, two authoritative reports said yesterday as they forecast a long, painful worldwide recession.
The stark conclusions came as the World Bank's chief economist predicted that the world faced "the worst recession since the Great Depression". The US energy department said global oil demand would drop this year and next - the first two consecutive years' fall in 30 years..... Full Article: Source
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