The World Bank forecasts global commodity prices will decline by 5% in 2025 and 2% in 2026.

The World Bank Group forecasts a decline in global commodity prices, predicting a 5% drop in 2025 and 2% in 2026, following a 3% decrease in 2022. Key factors include falling oil prices, expected to average $80 per barrel in 2024, and stable metal and agricultural prices. While geopolitical tensions may cause temporary price spikes, overall trends point to slower oil demand and increased OPEC supply capacity. Agricultural prices are easing due to favorable weather.

November 03, 2024
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