Commodity Market Outlook: World Bank Group

Share with Your Friends

Commodity Market Outlook: World Bank Group

Recently the report ‘Commodity Market Outlook’ has been published by the World Bank.

Its key findings:

  • Energy prices have increased over the past two years. This increase has been the biggest increase since the 1973 oil crisis.
  • Price increases for food items and fertilizers have been the highest since Fertilizer production depends on natural gas as an input.
  • The rise in global food and fuel prices due to the war is likely to continue until at least the end of This can also increase the risk of inflation-induced recession.

World Bank:

  • The International Bank for Reconstruction and Development (IBRD) and the International Monetary Fund (IMF) were established together in 1944 during the Bretton Woods Conference in New Hampshire, USA.
  • The International Bank for Reconstruction and Development (IBRD) is better known as the World Bank.
  • The World Bank Group is a unique global partnership of five institutions working towards sustainable solutions that reduce poverty and build shared prosperity in developing countries.

Member: It has 189 member countries. India is also a member country.

Other reports published by World Bank-

  • Ease of Doing Business.
  • Human Capital Index.
  • World Development Report.
  • Migration and Development Brief.
  • Global Economic Prospects.

Source – The Hindu

Download Our App

MORE CURRENT AFFAIRS

Click to Join Our Current Affairs WhatsApp Group

Join Our Whatsapp Group For Daily, Weekly, Monthly Current Affairs Compilation & Daily Mains Answer Writing Test & Current Affairs MCQ

In Our Current Affairs WhatsApp Group you will get daily Mains Answer Writing Question PDF and Word File, Daily Current Affairs PDF and So Much More in Free So Join Now

Register For Latest Notification

Register Yourself For Latest Current Affairs

December 2022
M T W T F S S
« Nov    
 1234
567891011
12131415161718
19202122232425
262728293031  

Mains Answer Writing Practice

Recent Current Affairs (English)

Current Affairs (हिन्दी)

Subscribe Our Youtube Channel

Register now

Get Free Counselling Session with mentor

Download App

Get Youth Pathshala App For Free

Open chat
1
Youth Destination IAS . PCS
To get access
- NCERT Classes
- Current Affairs Magazine
- IAS Booklet
- Complete syllabus analysis
- Demo classes
https://online.youthdestination.in/