Tag: commododity prices

BUSINESS

The World Bank — Brace For Higher Prices

According to press reports, the World Bank has warned that developing countries are to brace for higher food and commodity prices. It says the shrinking value of the currencies is driving up food and fuel prices, which could further deepen the food and energy crises. It noted that because of currency depreciations, almost 60 percent of oil-importing emerging-market and developing […]