NoHPCinTheUK Posted April 25 Share Posted April 25 In the commodities market Global Commodity Prices Level Off, Hurting Prospects for Lower Inflation https://www.worldbank.org/en/news/press-release/2024/04/25/commodity-markets-outlook-april-2024-press-release#:~:text=Between mid-2022 and mid,prices has remained essentially unchanged “Global inflation remains undefeated,” said Indermit Gill, the World Bank Group’s Chief Economist and Senior Vice President. “A key force for disinflation—falling commodity prices—has essentially hit a wall. That means interest rates could remain higher than currently expected this year and next. Assuming no further flare-up in geopolitical tensions, the Bank’s forecasts call for a decline of 3% in global commodity prices in 2024 and 4% in 2025. That pace will do little to subdue inflation that remains above central bank targets in most countries. It will keep commodity prices about 38% higher than they were on average in the five years before the COVID-19 pandemic. Quote Link to comment Share on other sites More sharing options...
NoHPCinTheUK Posted April 25 Author Share Posted April 25 (edited) So the WorldBank says no cuts in 2025 either. 😮 Edited April 25 by NoHPCinTheUK Quote Link to comment Share on other sites More sharing options...
Blobsy Posted April 25 Share Posted April 25 Just now, NoHPCinTheUK said: So the WorldBank says no cut in 2025 either. 😮 Them’s the break kid, them’s the breaks. Quote Link to comment Share on other sites More sharing options...
NoHPCinTheUK Posted April 25 Author Share Posted April 25 1 minute ago, Blobsy said: Them’s the break kid, them’s the breaks. Stewy's plateau. He was right. Quote Link to comment Share on other sites More sharing options...
Tony_Teacake Posted April 25 Share Posted April 25 8 minutes ago, NoHPCinTheUK said: So the WorldBank says no cuts in 2025 either. 😮 Keep them rates elevated as I'm getting a lovely bit of interest from my savings. Quote Link to comment Share on other sites More sharing options...
fellow Posted April 25 Share Posted April 25 Weapons production ramping up = fewer resources for everything else. Quote Link to comment Share on other sites More sharing options...
DownwardSlopingPlateau Posted April 25 Share Posted April 25 47 minutes ago, NoHPCinTheUK said: Stewy's plateau. He was right. About the wrong thing. 🌱 🤣 Quote Link to comment Share on other sites More sharing options...
Sackboii Posted April 25 Share Posted April 25 1 hour ago, DownwardSlopingPlateau said: 🌱 ✔️ 🤣 Quote Link to comment Share on other sites More sharing options...
fellow Posted April 25 Share Posted April 25 1 hour ago, DownwardSlopingPlateau said: About the wrong thing. 🌱 🤣 He will also be right about cratering prices, just not the prices he was hoping for. Quote Link to comment Share on other sites More sharing options...
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