Commodity prices: lower for longer, says Levy

Commodity prices: lower for longer, says Levy

Brazil China Economy & Policy Corporate & Sovereign Strategy

Brazil, and most emerging markets, must adapt to a lasting downturn in commodity prices, the country’s finance minister Joaquim Levy said on Monday. China’s focus on domestic growth will have persistent effects on commodity driven economies, he said. That means the low point in the cycle could last a long time — and Brazil must simplify regulations and boost productivity to cope, Levy said. This includes updating the financing strategy across all sectors, increasing savings and reviewing spendin

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