The global economy could be on the brink of a new commodity “supercycle” as governments prepare to use a green industrial revolution to kickstart growth following the coronavirus pandemic.
The price of commodities, such as energy and metals, have reached record highs in recent weeks despite the ongoing spread of Covid-19 and are expected to climb further as countries embark on plans for a green economic recovery.
Market experts, including US bank Goldman Sachs, believe the boom could echo the last “supercycle” in the early 2000s led by the sharp growth of emerging BRIC economies (Brazil, Russia, India and China).
+INFO: The Guardian
