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World Bank publishes latest commodity prices: April 2011

John Baffes's picture

Commodity prices (measured in U.S. dollars) except for energy retreated in March 2011. Energy prices surged by 9.6%. Non-energy prices declined by 4.8%; food prices dropped 5.2%; beverages remained unchanged; raw materials prices fell by 6.5%; metals and minerals drifted down by 4.8%. The US dollar depreciated 2.7% against the euro and 1.0% against a broad index of currencies.



Coordination among the G20 countries - a great responsibility

The G-20, as never before, has now the best opportunity to advance policy cooperation between emerged and developed world to address important unsustainable global imbalances we are confronting in order to attain a higher worldwide growth. Dealing with the global imbalances implies the identification and examination of the policies that have created such imbalances.