Global commodity prices are set to tumble to their lowest levels since 2020, according to the World Bank's latest Commodity Markets Outlook.
Prices are projected to fall 12% in 2025, followed by a 5% drop in 2026, driven by sluggish global growth and ample oil supply.
Energy prices are expected to plunge 17% this year, with Brent crude averaging just US$64 per barrel in 2025.
While the downturn could ease short-term inflation pressures, it spells trouble for developing economies that rely on commodity exports.
The World Bank is warning of growing price volatility and wants these countries to restore fiscal discipline, attract private capital, and liberalize trade to remain resilient in what may be a more turbulent decade ahead.
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