Commodity
in sentence
920 examples of Commodity in a sentence
In the past, it was all too common for policymakers to convince themselves that a boom in
commodity
prices and associated surge in government revenues was permanent.
Government expenditures would then ratchet up during the boom, only to be slashed as revenues sank along with
commodity
prices.
The worst outcomes (Category 5 hurricanes of debt) involved a triple blow to a class of capital importers (the
commodity
producers).
Indeed, the dramatic plunge in the price of a barrel of crude – from nearly $150 in June 2008 to around $30 today – is likely to fuel continued upheaval far beyond the world’s energy and
commodity
markets, with particularly worrying implications for the European Union.
And worries that falling
commodity
prices will lead to damaging, 1930s-style deflation are almost certainly overblown.
Rapidly changing
commodity
prices can upend the geopolitical landscape as well, sparking political instability – or worse.
After centuries of wasteful production and consumption practices – facilitated by ever-lower
commodity
prices that have declined by an average of 0.7% a year in peacetime over the past century – the world is in dire need of technologies that enable producers and consumers alike to do more with less.
Among the region’s large and medium-size economies, only Peru’s is recovering – but at a much slower rate than during the last
commodity
“super cycle.”
Judging by their historical dynamics,
commodity
prices are at the beginning of a long weak period, while migration opportunities in the US and Spain largely disappeared after the 2008 financial crisis – and will probably be even scarcer under Trump.
In recent years, the region has benefited from abundant financing, and it has gotten by even as falling
commodity
prices, China’s financial disturbances in 2015 and early 2016, and the impending normalization of US interest rates have raised the costs of external debt.
China’s decelerating growth had a significant impact on
commodity
prices, and thus on
commodity
exporters around the world.
Otherwise, resource shortages will push up
commodity
prices and create crises in food, water, fisheries, forests, land use, and housing, thereby leading to greater social injustice.
And the other big players, from China to the
commodity
producers, are not shy about wielding their economic power.
Colombia depends heavily on
commodity
exports such as coffee, coal, and oil, and governments across the region have become targets of public ire since
commodity
prices began falling from their peak in 2013.
While a new round of weakness in global
commodity
prices earlier this year contributed to these figures, it does not explain the weakness in longer-term inflation expectations, which have improved little since March, when the ECB started its massive €60 billion ($66.3 billion) per month bond-buying program.
The growth of SWF’s is a direct consequence of the accumulation of more than $5 trillion in foreign reserves by emerging-market economies in Asia and among oil and
commodity
exporting countries.
Instead, despite recent increases,
commodity
prices have generally fallen to about a third of their level 150 years ago.
The
Commodity
Roller CoasterCAMBRIDGE – The global
commodity
super-cycle is hardly a new phenomenon.
Though the details vary, primary
commodity
exporters tend to act out the same story, and economic outcomes tend to follow recognizable patterns.
Since the late eighteenth century, there have been seven or eight booms in non-oil
commodity
prices, relative to the price of manufactured goods.
The current bust is now in its fourth year, with non-oil
commodity
prices (relative to the export prices of manufactures) having so far fallen about 25%.
Indeed, since the current slump began four years ago, economic activity for many
commodity
exporters has slowed markedly; their currencies have slid, after nearly a decade of relative stability; interest-rate spreads have widened; and capital inflows have dried up.
The second wave, which began in 1985, reflected a supply glut, as many
commodity
exporters simultaneously sought to raise hard currency, often in the midst of economic crisis.
If China’s economic slowdown persists – as those following investment booms and fueled by debt overhangs often do –the
commodity
downturn is likely to continue, as no other economy is capable of picking up the demand slack.
Furthermore, at this stage of the
commodity
cycle, price declines typically retain downward momentum.
By the end of the boom, many
commodity
exporters had already initiated investment projects to expand production.
The rest of the world’s net investment position strengthened by $3 trillion during this period, owing mainly to the
commodity
boom, which faded as China slowed.
After all, energy is a global
commodity.
The search for culprits is under way:
commodity
prices, fracking, US interest rates, El Nino, China, these and others lead the field.
Falling prices for its
commodity
exports haven’t helped, but Brazil’s economy was supposed to be about far more than just harvests and extractive industries.
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