Commodity Prices and Global Growth: Back with a Vengeance
Commodities are having a go at the pockets of the people, and the situation only seems to be getting worse. Oil costs haven’t been this high since last October, food prices rival those of July 2008 (when food prices were at their peak), and copper prices are officially at an all time high. The concern? These soaring prices may instigate another financial wobble in the global economy. While we can rest in the fact that inflation rates of commodities are still below what they were in 2008, higher commodity prices are not doing the current global financial situation any favors…
To read more, click here.
(image source)
