Evenly balanced’ risks means lower commodity prices, but robust volumes
By Clyde Russell – Reuters
LAUNCESTON, Australia, Oct 3 (Reuters) – The heat is coming out of global commodity prices and the risks to the outlook are “evenly balanced”.
That’s the relatively downbeat assessment of the Australian government in its latest Resource and Energy Quarterly publication, released on Tuesday.
What the government forecaster in one of the world’s biggest exporters of resources is effectively saying is that while commodity volumes are holding up well, and expected to increase in coming years, the amount of money generated will slip…Full Story