Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Global Economic Prospects 2009: Commodities at the Crossroads
    Global Economic Prospects 2009: Commodities at the Crossroads
    Global Economic Prospects 2009: Commodities at the Crossroads
    Ebook202 pages6 hours

    Global Economic Prospects 2009: Commodities at the Crossroads

    By World Bank Staff

    5/5

    ()

    About this ebook

    The eruption of the worldwide financial crisis has radically recast prospects for the world economy. Global Economic Prospects 2009 analyzes the implications of the crisis for low- and middle-income countries, including an in-depth look at long-term prospects for global commodity markets and the policies of both commodity producing and consuming nations.Developing countries face sharply higher borrowing costs and reduced access to capital, cutting into their capacity to finance investment spending. The looming recession presents new risks, coming as it does on the heels of the recent food and fuel crisis.Commodity markets, meanwhile, are at a crossroads. Following decades of low prices and weak investment in supply capacity, commodity prices first spiked and have now plummeted in response to the financial crisis.In the longer run, commodities are not expected to be in short supply. Prices should be higher than they were in the 1990s but much lower than in the recent past. These higher prices should provide producers with sufficient incentive to discover new supplies, improve output from existing resources, and promote greater conservation and substitution with more abundant alternatives. At the same time, slower population growth will ease the pace at which commodity demand grows. Policies to limit carbon emissions and boost agricultural investment, along with the dissemination of efficient techniques, should also contribute to this long-term outcome.This year’s Global Economic Prospects also looks at government responses to the recent price boom.
    LanguageEnglish
    PublisherWorld Bank Publications
    Release dateDec 9, 2008
    ISBN9780821377994
    Global Economic Prospects 2009: Commodities at the Crossroads

    Read more from World Bank Staff

    Related to Global Economic Prospects 2009

    Related ebooks

    Globalization For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      The US Dollar Bounces Back

      Sep 15, 2023

      The US Dollar Bounces Back
      2 min read

    • Article

      Europe: Inflation Is Settling In

      Mar 10, 2023

      Core inflation in the euro area hit a record high of 5.6% in February, its third monthly rise in a row. Core inflation strips out volatile food, energy, alcohol and tobacco prices. Annual headline inflation fell slightly to 8.5%, but is still more th

      1 min read

    • Article

      The Shadow Banking Crisis

      May 13, 2019

      The Shadow Banking Crisis
      10 min read

    • Article

      Australia Goes Into Recession

      Aug 2, 2023

      While there has been talk of recession since interest rates started to rise, the risks have become higher with the Reserve Bank (and central banks overseas) still showing no signs that they are finished with rate hikes. In late May, Mark Delaney, the

      4 min read

    • Article

      From The Editor...

      Jun 9, 2023

      From The Editor...
      2 min read

    • Article

      Dark Days In South Africa

      Mar 10, 2023

      Dark Days In South Africa
      2 min read

    • Article

      In Nigeria's Diverse Middle Belt, A Drying Landscape Deepens Violent Divides

      Mar 8, 2018

      The region has long been a hotbed of sectarian conflict, particularly between farmers and herders. But a drier, hotter environment has intensified divisions over ethnicity, religion, and culture – a pattern seen in other parts of the world, as well.

      5 min read

    • Article

      From The Editor...

      Mar 10, 2023

      From The Editor...
      2 min read

    • Article

      Don’t Mention The War

      Apr 1, 2022

      DOUBLE-DIGIT INFLATION is now inevitable this year in the United States; it is also very likely in most European nations, including the United Kingdom. In the twelve months to January the increase in consumer prices was 7.5 per cent in the USA, 5.1 p

      3 min read

    • Article

      Sharp Increase In International Food And Fertiliser Prices

      Mar 18, 2022

      Known as Europe’s bread basket, Ukraine is famous for its fertile black soil that offers excellent conditions for growing cereal and oilseeds. It is also close to expanding European and Russian markets, and has access to deep-water ports on the Black

      2 min read

    • Article

      World In Recession, And SA Under More Pressure

      Jun 15, 2020

      The coronavirus disease (COVID-19) pandemic and governments’ reaction to it have pushed the global economy into recession. Whereas it had been estimated to grow by 3% in 2020, it is now predicted to shrink by 3%. It should recover to 5,8% growth in 2

      2 min read

    • Article

      A Pivot in Recovery

      Jan 27, 2022

      According to statistics from Chinese Customs, China’s total imports and exports surpassed $6 trillion in 2021, up 30 percent year on year. With a global economy dragged down by the COVID-19 pandemic, China is making its due contributions to stabilizi

      2 min read

    • Article

      What Does The New Year Hold For Agriculture?

      Dec 29, 2023

      Dawie Maree, head of information and marketing, FNB Business. HOW DO YOU PERCEIVE THE AGRICULTURAL ENVIRONMENT OF THE PAST YEAR? The agriculture sector was confronted with a mixed bag of opportunities and challenges in 2023. Overcoming early challeng

      2 min read

    • Article

      How The Rand-dollar Exchange Rate Has Affected Agriculture

      Sep 10, 2021

      From January until June of this year, the rand followed a strengthening trajectory against the US dollar (see Graph 1). This was driven by two main factors: the global economic recovery after the COVID-19 lockdowns, and South Africa’s current account

      2 min read

    • Article

      Sharp Increase In Food Prices

      Mar 31, 2023

      According to Statistics South Africa, food prices increased by 13,8% from January 2022 to January 2023. Processed food prices increased by 16,2%, and unprocessed food by 11,4%. Bread and cereals had the highest increase (21,8%), followed by oils and

      2 min read

    • Article

      SA’s Current Account Surplus Is Little To Celebrate

      Jul 24, 2020

      south Africa recorded its first current account surplus in 17 years in the first quarter of 2020 because of a trade surplus of around R208bn. Essentially, a trade surplus shows the difference between imports and exports. A surplus indicates that a co

      3 min read

    • Article

      SA’s Economy, And Its Farmers, Buck The Negative Trend

      Sep 24, 2021

      Statistics South Africa recently released the GDP figures for the second quarter of 2021 and the updated figures for 2020. The economy shrank 6,4% in 2020, but thereafter recovered, growing by 1,2% year-on-year (y/y) in the second quarter of 2021, an

      2 min read

    • Article

      Strength of Synergy

      Jun 30, 2022

      Halfway through 2022, the global economy is not looking as bright as people had hoped for at the beginning of the year. The impact of COVID-19 on the global economy is now more serious than that of the international financial crisis in 2008. Against

      1 min read

    • Article

      Exports ‘A Light At The End Of The Tunnel’ For SA

      Aug 27, 2021

      The extreme spike in the South African government’s debt since the outbreak of the COVID-19 pandemic has resulted in the country’s current debt in relation to GDP rising to 80%. However, if the impact of failing state-owned enterprises, such as Denel

      1 min read

    • Article

      SA Economy Not (yet?) In A Recession

      Mar 29, 2024

      The South African economy barely missed going into a recession in the fourth quarter of 2023. Economists define a recession as two or more quarters of negative growth. According to Stats SA, the economy grew by 0,1% in the fourth quarter after the 0,

      2 min read

    • Article

      The Fallout From Ukraine

      Mar 16, 2022

      You don’t need us to tell you that Russia’s invasion of Ukraine—and Western sanctions on Russia—are playing havoc with your finances. You’re reminded of the pain afflicting your pocketbook every time you fill your gas tank. But the impact doesn’t end

      2 min read

    • Article

      As Western Countries Retreat From International Aid, China Is Set To Swoop

      May 27, 2022

      No countries have escaped the twin economic shocks of Covid-19 and the global spike in oil and food prices triggered by Russia’s invasion of Ukraine. Painful for wealthy countries, for low-to middle-income countries it risks being existential. Sri La

      2 min read

    • Article

      Oil Price Decline Eases Asia's Inflation Fears As Opec Production Cuts Disappoint

      Dec 1, 2023

      Oil prices fell again on Friday as voluntary output cuts by Opec+ producers disappointed markets and fears of a spike in inflation eased in Asian economies. Benchmark Brent crude oil futures were trading at US$82.7 per barrel, down 0.2 per cent in mi

      4 min read

    • Article

      Optimists And Pessimists On SA’s Future: Who’s Right?

      Aug 26, 2022

      Economists’ view of the current state of South Africa’s economy and its outlook varies from positive to highly negative: some expect things to get better; others believe the worst is still to come. These divergent opinions create confusion among cons

      2 min read

    Reviews for Global Economic Prospects 2009

    5/5

    2 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words