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World Bank forecasts falling commodity prices through 2026
The Business Guardian
|November 04, 2024
The report adds that annual average oil prices are expected to decline for four consecutive years through to 2026, from their 2022 high and it will settle slightly above their 2021 level.
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The commodity prices in the international markets will decrease by 5 percent in 2025 and 2 percent in 2026, following a 3 percent decline this year, reaching their lowest levels since 2020, the World Bank Group said in its October edition of Commodity Market Outlook.
A decline in oil prices will support the downward trend of commodity prices, while increases in natural gas prices and stable outlooks for metals and agricultural commodities will temper the overall decline, the global entity said.
Bu hikaye The Business Guardian dergisinin November 04, 2024 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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