Infographic: Demand destruction in focus as inflation hits commodity markets – S&P Global

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Infographic: Demand destruction in focus as inflation hits commodity markets
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Commodity markets are on red alert. Economic warning signs are coming in thick and fast with skyrocketing inflation in Europe and the US, rising interest rates and slowing economic growth. Industrial metals are leading the decline lower, with energy and agriculture prices also off their March peaks amid a weakening demand outlook. Russia’s supply side risks and China’s recovery uncertainty will also shape the direction of commodity markets as 2023 looks set for a bumpy year.
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