Global Economic Prospects 2015

The global economy is still struggling to gain momentum. Read more ...

Development Prospects

Providing information, analysis, and advice on global trends in the world economy.  Find out more ...

Global Economic Monitor

Now free. Daily and monthly updates on global economic developments and relevant topical issues. Find out more ...

Syndicate content

Global Commodity Watch - December 2011

John Baffes's picture

Non-energy commodity prices fell by 3.3 percent in November—a fourth straight monthly decrease—on continued concerns about global demand, and partly dollar appreciation (up 1.3 percent against the euro). Declines were heaviest for rubber and iron ore. Oil prices rose above $100/bbl, mainly due to recovering WTI prices following announcement of plans to help alleviate the transportation bottleneck in the U.S mid-continent. U.S. natural gas and international coal prices fell on slowing demand and supply gains.

World Bank published latest commodity prices: December 2011

John Baffes's picture

In November energy prices rose by 4.5%. Non-energy prices extended their decline by 3.3%; food prices slipped by 0.8%; beverages declined by 3.3%; raw materials prices plummeted by 11.2%; metals fell by 2.5%; fertilizers dropped by 1.8%. The US dollar appreciated 1.3% against the euro and 0.6% against a broad index of currencies.

Prospects Weekly: Global financial markets are eager for policy action

Global Macroeconomics Team's picture

Global financial markets are eager for policy action. Bond yields for high-spread Euro Area sovereigns remain high, but eased somewhat this week with successful bond issuances by France and Spain and optimism that EU leaders will reach agreement to resolve the debt crisis at the forthcoming December 9th EU summit.