02.02.2009 - Economies relying on commodities to find going tough
From Business24-7.ae: Commodity driven economies will experience limited access to funds, reduced cash flows for business and rise in credit losses, a senior banker said. "Real commodity driven economies will experience limited access to funds, increased cost of procurement of funds, weak securities market, reduced cash flows for businesses, rise in credit losses, increase in balance sheet risks due to asset price deflations, lower profit levels among businesses, volatility in commodities market, reduction in trade freedom, more government intervention and shifts in consumer behaviour," said R Seetharaman, Chief Executive Officer of Doha Bank..... Full Article: Source
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