Global Economic Prospects 2009: Commodities at the Crossroads
December 9, 2008—The world financial crisis has dimmed short-term prospects for developing countries and the volume of world trade is likely to contract for the first time since 1982. The sharp slowdown has caused commodity prices to plummet, ending a historic five-year boom.
Global Economic Prospects 2009 finds the global economy transitioning from a long period of strong developing-country led growth to one of great uncertainty as the financial crisis in developed countries has shaken markets worldwide.
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