World Bank: Soaring Energy Prices Pose Inflation Risks as Supply Constraints Persist
October 22, 2021
October 22, 2021
WASHINGTON, Oct. 22 (TNSRep) -- The World Bank issued the following news release:
Energy prices soared in the third quarter of 2021 and are expected to remain elevated in 2022, adding to global inflationary pressures and potentially shifting economic growth to energy-exporting countries from energy-importing ones.
The World Bank's latest Commodity Markets Outlook forecasts that energy prices--expected to average more than 80 percent higher in 2021 compared to last . . .
Energy prices soared in the third quarter of 2021 and are expected to remain elevated in 2022, adding to global inflationary pressures and potentially shifting economic growth to energy-exporting countries from energy-importing ones.
The World Bank's latest Commodity Markets Outlook forecasts that energy prices--expected to average more than 80 percent higher in 2021 compared to last . . .