世界银行：2025年10月商品市场展望报告（英文版）

Commodity prices are expected to decline by about 7 percent overall this year, reflecting subdued global economic activity, elevated trade tensions and policy uncertainty, and ample global supply of oil. In 2026, commodity prices are forecast to fall by a further 7 percent, a fourth consecutive year of decline, as global growth remains sluggish and the oil market oversupplied. Energy price movements are expected to continue contributing to global disinflation in 2026. Metals and minerals pric