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The decline in commodity prices that began with metals and agriculture four years ago—joined by crude oil in mid-2014—continued in 2015Q1 (Figure 1). Energy, metals, and agricultural prices were down 28, 11, and 5 percent, respectively, from the previous quarter. Increasing supplies, bumper...
Persistent link: https://www.econbiz.de/10012564525
This is a companion to the Global Economic Prospects 2010. Most commodity prices reached historical highs in mid-2008, giving rise to the longest and broadest commodity boom of the post-WWII period. Apart from strong and sustained economic growth, the boom was fueled by numerous factors...
Persistent link: https://www.econbiz.de/10012646600
exporters, the energy transition may bring windfalls, but it could also increase their exposure to price volatility …
Persistent link: https://www.econbiz.de/10013544961
With the COVID-19 pandemic, the development context for the world is fundamentally challenged in many ways. The …
Persistent link: https://www.econbiz.de/10014454199
The World Bank Treasury's Reserve Advisory and Management Partnership (RAMP) conducted its third survey on reserve … represent the views of the International Bank for Reconstruction and Development and World Bank and its affiliated organizations … or those of the Executive Directors of the World Bank or the governments they represent …
Persistent link: https://www.econbiz.de/10012700674
Implicit contingent liabilities, such as those generated by natural disasters, are often not quantified in the government balance sheet. However, when they materialize, they place pressure on government finances that may raise interest expenditures and financial risks. Understanding the impacts...
Persistent link: https://www.econbiz.de/10012700730
Food price inflation has increased persistently in recent years in Turkey with a widening divergence from international food price inflation. The study analyzes the main inefficiencies in the Turkish agricultural sector through the lens of food price formation and discusses the policy actions...
Persistent link: https://www.econbiz.de/10013413707
Iraq's economy is gradually emerging from the deep recession caused by the pandemic and the plunge in oil prices in 2020. Higher oil revenues pushed Iraq's overall fiscal and external balances into a surplus in 2021. The turnaround in oil markets has significantly improved Iraq's economic...
Persistent link: https://www.econbiz.de/10013413845
Cambodia is now weathering an oil price shock, just as the economy had started to recover amid a rollback of Coronavirus (COVID-19)-related restrictions. Negative impacts of the oil price shock are amplified by Cambodia's already large external imbalances. Rising food and energy prices have...
Persistent link: https://www.econbiz.de/10013414011
This Systematic County Diagnostics is organized into six parts. The first part presents a brief overview of the country's recent socio-political and economic context. The second part examines the links between poverty, income distribution and economic growth, through the labor market, against...
Persistent link: https://www.econbiz.de/10012644567