World Bank 34d ago

Rising commodity prices can ripple through inflation, growth, and jobs, especially in developing economies. In this episode of Talking Development, World Bank Managing Director Anna Bjerde speaks with Ayhan Kose, World Bank Deputy Chief Economist and Director of the Prospects Group on the latest Commodity Markets Outlook and what recent developments in the Middle East could mean for energy, food, fertilizer, and metals, and for policy responses in times of crisis. Kose explains key forecasts and why the impacts extend beyond oil: fertilizer affordability, food insecurity risks, metals demand tied to AI investment and renewable energy, and what governments can do to respond effectively. Discussed in this video: - Energy prices expected to be 24% higher this year - Brent oil forecast at $86 (vs earlier projections) - Fertilizer prices 30% higher, urea 60% higher - Inflation in developing economies above 5% - Growth in developing economies at 3.6%, many seeing weaker growth Learn more: http://wrld.bg/zHHh50Z4qVB 00:00 Commodity Markets Outlook overview 01:14 Energy prices and oil forecast 01:44 Fertilizer prices, urea, and food security risks 02:22 Metals outlook (aluminum, copper, gold) + AI/renewables demand 03:11 Inflation impacts in developing economies 03:57 Growth impacts and fiscal constraints 05:12 What countries can do to navigate crisis 05:57 The “3 Ts” of fiscal support (timely, targeted, temporary) 06:49 Food supply and the risks of export bans 07:14 Turning crisis into reform: investment, business climate, capital 08:03 Protecting people while staying focused on growth 09:19 Summary and closing #CommodityMarkets #Inflation #EnergyPrices #Development ABOUT 🌐 The World Bank Group is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development on a livable planet. http://www.worldbank.org