Crude oil quotations have reached a historical high and prices for industrial raw materials continue to rise. However, the feared negative effects of higher commodity prices on economic growth appear to be limited in the consumer countries and producers would like to maintain the higher price level. Will they succeed?
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*Senior Economist, Department of International Macroeconomics, Hamburg Institute of International Economics (HWWA), Germany.
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Matthies*, K. Commodity Prices at Record Level. Intereconomics 40, 113–116 (2005). https://doi.org/10.1007/s10272-005-0142-7
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DOI: https://doi.org/10.1007/s10272-005-0142-7