World Bank interview: Price trends for Latin America’s most important commodities

Commodity prices in many markets hit bottom in 2016, and 2017 should be a year of recovery. However, the year will not see a return to the highs of the commodities supercycles. Those were the findings of the latest Commodity Price Outlook published by the World Bank. Latin Trade spoke with John Baffes, a Senior Economist with the World Bank’s Development Prospects Group and the manager of the report, on price trends for the most important commodities for the Latin American market this year. Baffes believes oil prices will continue their 2016 rising trend, when they increased by over 10 percent in the fourth quarter. Since the July report, the World Bank has lifted its forecast for an average 2017 […]

Related

“Latin America, the vision of its leaders” A book by Andrés Rugeles and 100 regional leaders

The Colombian Andrés Rugeles has achieved an almost impossible...

Global Tourism Industry on Track for Full Recovery by 2024

The global tourism industry is set to reach, and possibly surpass, pre-pandemic levels by the end of 2024, according to the World Economic Forum (WEF). Five years post-COVID-19, the sector is experiencing a robust resurgence driven by a surge in international travel, improved air connectivity, and strong rebounds in key regions. However, global dynamics must be managed carefully to ensure stable and continuous growth. In 2023, international tourism reached 88% of its 2019 levels, a significant recovery favored by the reopening of Asian markets, as highlighted by the United Nations World Tourism Organization (UNWTO). The Middle East led the way, surpassing pre-pandemic levels by around 20%, with Europe, the Americas, and Africa following close behind at approximately 90% of their […]