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Commodity Exporters 'likely to be in for Downturn' on Gloomy Economic Outlook says Imf

News

IMF said that the commodity exporters should be prepared for lower prices on weakening global outlook
IMF also said that the weak global economic output suggests that the commodity prices are unlikely to rise at strong pace of past decade

Quotes

"Looking ahead, given weak global activity and heightened downside risks to the near-term outlook, commodity exporters may be in for a downturn,"

"If downside risks to global economic growth materialize, there could be even greater challenges facing commodity exporters, most of which are emerging and developing economies,"

IMF said in analytical chapters of its World Economic Outlook.