Asian demand pushes up commodity prices |
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Authors: | Klaus Matthies |
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Institution: | (1) Department of International Macroeconomics, Hamburg Institute of International Economics (HWWA), Germany |
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Abstract: | Dollar prices for industrial raw materials have increased along a wide front, and oil prices are almost as high as they were before the Iraq war. Due to the weak dollar, however, consumers in the euro area have been relatively unaffected so far. Demand for raw materials will remain strong. Must we brace ourselves for a further sharp increase in commodity prices? |
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