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Video October 21, 2021

Commodity Markets Outlook October 2021: Urbanization and Commodity Demand

The October edition of the World Bank's Commodity Markets Outlook reports that energy prices have 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 report also explores the impact of urbanization on commodity demand. With cities at the forefront of climate change, strategic planning can help reduce their resource consumption and, crucially, their greenhouse gas emissions.