Global Commodity Prices

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Commodity prices are a quick indicator of the state of the economy and in this context their movements since March are significant. The world had gone in for a lockdown mainly from March onwards which affected growth as business activity had decelerated or come to a halt depending on the intensity of the measures invoked by different governments. There has been systematic opening of the economise subsequently. The IMF has revised its growth forecasts for 2020 and the indication given in the World Economic Outlook published this month is that there is a recovery taking place. Is this captured by the commodity price movements?

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