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Commodity Markets Outlook, April 2018

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collection.link.32
https://openknowledge.worldbank.org/handle/10986/2140
collection.name.32
Global Economic Prospects
dc.contributor.author
World Bank Group
dc.date.accessioned
2018-04-24T16:09:36Z
dc.date.available
2018-04-24T16:09:36Z
dc.date.issued
2018-04-24
dc.date.lastModified
2021-05-25T09:14:07Z
dc.description.abstract
Commodity prices strengthened in the first quarter of 2018. Broad-based price increases were supported by both demand and supply factors. Accelerating global growth lifted demand for commodities, while a number of commodities faced supply constraints. For oil and precious metals, concerns about mounting geopolitical risk also supported prices. Crude oil prices are expected to average $65 per barrel (bbl) in 2018 (up from $53/bbl in 2017) and remain at $65/bbl in 2019—an upward revision from the October 2017 forecast. Metals prices are expected to increase 9 percent in 2018 and, following three years of relative stability, agricultural prices are expected to gain 2 percent in 2018. Looking ahead, policy actions currently under discussion, such as additional tariffs, production cuts, and sanctions, present risks to the short-term outlook. This edition also analyzes the policies of oil exporting economies in response to the 2014 oil price collapse. It concludes that oil exporters with flexible currency regimes, larger fiscal buffers, and more diversified economies fared better than others. The experience of the past four years is a reminder of the urgent need for greater economic diversification and stronger monetary and fiscal policy frameworks in oil exporters.
en
dc.identifier
https://documents.worldbank.org/en/publication/documents-reports/documentdetail/394431618817638734/commodity-markets-outlook-april-2018-oil-exporters-policies-and-challenges
dc.identifier.uri
http://hdl.handle.net/10986/29721
dc.publisher
World Bank, Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
COMMODITY PRICES
dc.subject
ECONOMIC OUTLOOK
dc.subject
ENERGY
dc.subject
AGRICULTURE
dc.subject
METALS
dc.subject
PRECIOUS METALS
dc.subject
MINERALS
dc.subject
PRICE SERIES
dc.subject
PRICE FORECASTS
dc.subject
PRICE INDICES
dc.subject
OIL PRICES
dc.subject
FOOD PRICES
dc.title
Commodity Markets Outlook, April 2018
en
dc.type
Serial
en
okr.externalurl
http://www.worldbank.org/commodities
okr.externalurl
http://www.worldbank.org/en/research/commodity-markets
okr.externalurl
http://pubdocs.worldbank.org/en/271041524326092667/CMO-April-2018-Full-Report.pdf
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/29721
okr.identifier.report
158323
okr.language.supported
en
okr.topic
Agriculture :: Commodity Risk Management
okr.topic
Energy :: Energy Markets
okr.topic
Energy :: Oil & Gas
okr.topic
Macroeconomics and Economic Growth :: Commodities
okr.topic
Macroeconomics and Economic Growth :: Economic Conditions and Volatility
okr.topic
Macroeconomics and Economic Growth :: Economic Forecasting
okr.unit
Development Prospects Group (DECPG)

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