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Energy prices fell 6 percent in June — Pink Sheet

John Baffes's picture

Energy commodity prices declined 6 percent in June, led by a 7.5 percent plunge in oil, the World Bank’s Pink Sheet said.

Agriculture prices dropped nearly 2 percent, with most groups easing, including food and beverages (down 1 percent each) and raw materials (off 3.5 percent). Fertilizer prices gained 2 percent.

Metals and mineral prices slid 1 percent, led by an 8 percent tumble in iron ore prices. Precious metals prices increased 1 percent.

The Pink Sheet is a monthly report that monitors commodity price movements.

Rising debt and deficits in Emerging Market and Developing Economies (EMDEs) in 5 charts

Ayhan Kose's picture
Debt and budget deficits have risen among emerging market and developing economies since the 2007-2009 financial crisis, rendering these economies more vulnerable to a sharp rise in borrowing costs. Government debt has climbed to 47 percent of GDP in 2016 from 35 percent of GDP in 2007 among emerging market and developing economies, while fiscal deficits have widened to about 5 percent of GDP from roughly 1 percent of GDP over the same period.

Energy prices fell in May, led by oil, coal – Pink Sheet

John Baffes's picture
Energy commodity prices declined 4 percent in May, led by a 4.3 percent drop in oil and an 11.7 plunge in coal, the World Bank’s Pink Sheet said. Natural gas prices rose 1.6 percent.

Food prices increased 2.4 percent, following gains in key grains (rice and wheat) and edible oils. Beverage prices eased 1 percent due to weak coffee prices. Fertilizer prices receded nearly 6 percent.

Metals and minerals prices slid 2.4 percent, led by an 11 percent tumble in iron ore. Precious metals were off 2.6 percent.  It was the third monthly decline for metals.

The Pink Sheet is a monthly report that monitors commodity price movements.
 
Commodity Prices

Global Economic Prospects in 10 Charts: June 2017

Ayhan Kose's picture
Also available in: Chinese

The World Bank forecasts that global economic growth will strengthen to 2.7 percent in 2017 as a pickup in manufacturing and trade, rising market confidence, and stabilizing commodity prices allow growth to resume in commodity-exporting emerging market and developing economies.  Growth in advanced economies is expected to accelerate to 1.9 percent in 2017, a benefit to their trading partners. Amid favorable global financing conditions and stabilizing commodity prices, growth in emerging market and developing economies as a whole will pick up to 4.1 percent this year from 3.5 percent in 2016. Nevertheless, substantial risks cloud the outlook. These include the possibility of greater trade restriction, uncertainty about trade, fiscal and monetary policy, and, over the longer term, persistently weak productivity and investment growth.

Download the June 2017 Global Economic Prospects report.
 
Global growth is projected to strengthen to 2.7 percent in 2017, as expected. Emerging market and developing economies are anticipated to grow 4.1 percent – faster than advanced economies.
 
Global Growth