The Economist Intelligence Unit recently updated its economic outlook. IMF and The World Bank revised their forecasts earlier in January. On this page we have collected forecasts on GDP growth and main commodities prices from all three agencies.
More information on this topic can be found in the following datasets: World Bank GDP forecasts, 2014-2015, EIU Economic and Commodity Forecast, February 2015, IMF GDP forecast 2014-2016, IMF Commodity Price Forecasts, January 2015, World Bank Commodity Forecast Price data, January 2015
Access and compare forecasts for more than 50 indicators related to a country’s economic, demographic, and energy futures from leading international institutions. Assess the historic quality of forecasts with our Forecast Accuracy Tracking Tool™ and select the most accurate forecast to support your analysis.
World Bank historical data (1960-2015) and long-term forecasts (2015-2025) for prices on energy and non-energy commodities, including: agriculture, fertilizers, metals and minerals, and precious metals. Choose from: Brent OPEC basket WTI natural gas - Europe, US, Japan wheat maize barley rice sorghum soybeans soymeal soybean oil palm oil rapeseed oil sunflower oil sugar beef cocoa Arabica coffee Robusta coffee tea cotton wool rubber aluminum copper nickel lead zinc tin steel iron ore platinum palladium gold silver Explore G20 economic forecasts across select indicators...
Oil prices grew by 1.1 percent in September modestly rebounding from a 7 percent drop in July. Since January, when the price of Brent crude reached a 12-year low, oil prices have rebounded by 50 percent and nearly reached last year's average of $46.99 per barrel. Barring any market surprises, a further recovery of oil prices hinges on a reduction of oil production by OPEC member states in the fourth quarter. Fluctuations in global crude oil prices have always been the focus of the economic and financial news. The higher crude oil prices rise, the more positive is the economic outlook for petroleum exporters. In contrast, countries dependent...
Aluminum price grew by 4.3 percent in November 2016 and by 17.3 percent in comparison with November 2015. The price of aluminum rose to record levels since June 2015, well over $1737/mt. The prices growth has been driven by the significant decline of production in February 2016 when total production of aluminum fell to 4,184,000 metric tons against 4,729,000 metric tons in January 2016. This situation primarily related to politics in China and higher coal and energy prices. At this time aluminum production in China reduced to 2,070,000 metric tons. It is the least value since 2013. However, by November 2016 production rose to record...
Copper price grew by 15.2 percent in November. It was the biggest growth since 2010. The copper market is stagnant for few years. The prices are too low and producers are reluctant to increase production, develop new sources. They are waiting for price rising. Probably November became the first point of the new growth period. Experts predicted price growth after demand China had grown because of road building. In fact, demand will grow more and more, and some of the economists expect copper deficit and high prices as a result. Leading international agencies made the following copper price predictions:• The World Bank in its commodity...