The International Monetary Fund has cut its
forecast for world economic growth for a third time during the year, due to
slowing emerging markets and a prolonged recession in the Euro zone. It now
expects world output to expand by just 3.1% in 2013, but IMF expects a slight
acceleration in growth in 2014 to 3.8%.
The price of crude oil currently trading at US$104.68
(at 9.40 GMT) and if the price rises above US$105 per barrel, will have a negative
impact on the economy and also will end up affecting consumer spending in a
very negative way.
Today, RSS3 grade closed at `.155.10 a kg at Bangkok, while Malaysian SMR20 closed
at `.130.12 a kg. On the Tokyo Commodity Exchange, July
futures series closed at ¥231.9, August at ¥233.3, September at ¥232.7, October
at ¥233.6, November at ¥234.4 and the contract for delivery in December closed
at ¥234.7 a kg. While on the National Multi Commodity Exchange July futures were
trading at `.195.52, August at `.192.01, September at
`.184.16, October at `.177.47, November at `.171.90 and December at `.172.48 a kg., at 2.30
pm IST.
No comments:
Post a Comment