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World Bank: Get Ready for a Commodity Price Freefall ...Middle East
It looks like the post-COVID commodity party is over - with the World Bank predicting a rather bleak end. In its latest report, the bank predicts that global commodity prices will plunge 12% in 2025 and another 5% in 2026, dragging them all the way back to their pre-pandemic levels. The World Bank expects energy prices, specifically, to fall 17% to their lowest levels in five years, and then another 6% next year. Blame it on sputtering global growth, rising tariffs, and the general messiness of international trade. Brent crude, the world’s…
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