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VideoApril 28, 2022

Commodity Markets Outlook – April 2022: The Largest Commodity Shock Since the 1970s

World Bank Senior Economist Peter Nagle details key findings from the April 2022 edition of the Commodity Markets Outlook. The report finds that the world is experiencing the largest commodity shock since the 1970s, with the war in Ukraine having dealt a major shock that is altering global patterns of trade, production, and consumption. These changes are expected to keep prices at historically high levels through the end of 2024.