World Bank: Currency Depreciations Risk Intensifying Food, Energy Crisis in Developing Economies
October 27, 2022
October 27, 2022
WASHINGTON, Oct. 27 (TNSrpt) -- The World Bank issued the following news release on Oct. 26, 2022:
The shrinking value of the currencies of most developing economies is driving up food and fuel prices in ways that could deepen the food and energy crises that many of them already face, according to the World Bank's latest Commodity Markets Outlook report.
In U.S. dollar terms, the prices of most commodities have declined from their recent peaks amid concerns of an i . . .
The shrinking value of the currencies of most developing economies is driving up food and fuel prices in ways that could deepen the food and energy crises that many of them already face, according to the World Bank's latest Commodity Markets Outlook report.
In U.S. dollar terms, the prices of most commodities have declined from their recent peaks amid concerns of an i . . .