Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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    <h1 class="cat-box-title">Energy prices to fall 11% in 2023 as economies slow down: World Bank study -Raghav Aggarwal</h1>
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                            <p style="text-align:justify">-Business Standard</p><p style="text-align:justify"><em>Currency depreciation in developing countries could deepen food and energy inflation: Commodity Markets Outlook report</em></p><p style="text-align:justify">Global energy prices will ease in the next couple of years but &quot;remain considerably&quot; higher than the historic average, said a report on Wednesday.</p><p style="text-align:justify">In many economies, prices in domestic-currency terms remain elevated because of depreciation and this could deepen food and energy crises.</p><p style="text-align:justify">&quot;As the global growth slowdown intensifies, commodity prices are expected to ease in the next two years, but they will remain considerably above their average over the past five years. Energy prices are expected to fall by 11 per cent in 2023 and 12 per cent in 2024,&quot; said the <a href="/upload/files/CMO-October-2022.pdf" title="/upload/files/CMO-October-2022.pdf">Commodity Markets Outlook</a> <a href="/upload/files/CMO-October-2022.pdf" title="/upload/files/CMO-October-2022.pdf">report for October 2022</a> released by the World Bank.</p><p style="text-align:justify">However, &quot;prices will remain more than 50 per cent above their five-year average through 2024.&quot;</p><p style="text-align:justify">Brent crude oil is expected to average at $92 per barrel in 2023, over $30 per barrel higher than the average of the last five years of $60 per barrel, said the report. In 2024, the average Brent crude oil is expected to cost $80 per barrel.</p><p style="text-align:justify">Natural gas and coal prices will become cheaper in 2023, but Australian coal and US natural gas are expected to double their average of the last five years. Separately, low grain supplies in 2023 could result in high inflation.</p><p style="text-align:justify">Please <a href="https://www.business-standard.com/article/economy-policy/energy-prices-to-fall-11-in-2023-as-economies-slow-down-world-bank-study-122102700247_1.html" title="https://www.business-standard.com/article/economy-policy/energy-prices-to-fall-11-in-2023-as-economies-slow-down-world-bank-study-122102700247_1.html">click here</a> to read more.&nbsp;</p>                                                           
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                            <p style="text-align:justify">-Business Standard</p><p style="text-align:justify"><em>Currency depreciation in developing countries could deepen food and energy inflation: Commodity Markets Outlook report</em></p><p style="text-align:justify">Global energy prices will ease in the next couple of years but &quot;remain considerably&quot; higher than the historic average, said a report on Wednesday.</p><p style="text-align:justify">In many economies, prices in domestic-currency terms remain elevated because of depreciation and this could deepen food and energy crises.</p><p style="text-align:justify">&quot;As the global growth slowdown intensifies, commodity prices are expected to ease in the next two years, but they will remain considerably above their average over the past five years. Energy prices are expected to fall by 11 per cent in 2023 and 12 per cent in 2024,&quot; said the <a href="/upload/files/CMO-October-2022.pdf" title="/upload/files/CMO-October-2022.pdf">Commodity Markets Outlook</a> <a href="/upload/files/CMO-October-2022.pdf" title="/upload/files/CMO-October-2022.pdf">report for October 2022</a> released by the World Bank.</p><p style="text-align:justify">However, &quot;prices will remain more than 50 per cent above their five-year average through 2024.&quot;</p><p style="text-align:justify">Brent crude oil is expected to average at $92 per barrel in 2023, over $30 per barrel higher than the average of the last five years of $60 per barrel, said the report. In 2024, the average Brent crude oil is expected to cost $80 per barrel.</p><p style="text-align:justify">Natural gas and coal prices will become cheaper in 2023, but Australian coal and US natural gas are expected to double their average of the last five years. Separately, low grain supplies in 2023 could result in high inflation.</p><p style="text-align:justify">Please <a href="https://www.business-standard.com/article/economy-policy/energy-prices-to-fall-11-in-2023-as-economies-slow-down-world-bank-study-122102700247_1.html" title="https://www.business-standard.com/article/economy-policy/energy-prices-to-fall-11-in-2023-as-economies-slow-down-world-bank-study-122102700247_1.html">click here</a> to read more.&nbsp;</p>                                                           
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     <meta property="og:description" content="-Business Standard

Currency depreciation in developing countries could deepen food and energy inflation: Commodity Markets Outlook report

Global energy prices will ease in the next couple of years but &quot;remain considerably&quot; higher than the historic average, said a report on Wednesday.

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    <h1 class="cat-box-title">Energy prices to fall 11% in 2023 as economies slow down: World Bank study -Raghav Aggarwal</h1>
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                            <p style="text-align:justify">-Business Standard</p><p style="text-align:justify"><em>Currency depreciation in developing countries could deepen food and energy inflation: Commodity Markets Outlook report</em></p><p style="text-align:justify">Global energy prices will ease in the next couple of years but &quot;remain considerably&quot; higher than the historic average, said a report on Wednesday.</p><p style="text-align:justify">In many economies, prices in domestic-currency terms remain elevated because of depreciation and this could deepen food and energy crises.</p><p style="text-align:justify">&quot;As the global growth slowdown intensifies, commodity prices are expected to ease in the next two years, but they will remain considerably above their average over the past five years. Energy prices are expected to fall by 11 per cent in 2023 and 12 per cent in 2024,&quot; said the <a href="/upload/files/CMO-October-2022.pdf" title="/upload/files/CMO-October-2022.pdf">Commodity Markets Outlook</a> <a href="/upload/files/CMO-October-2022.pdf" title="/upload/files/CMO-October-2022.pdf">report for October 2022</a> released by the World Bank.</p><p style="text-align:justify">However, &quot;prices will remain more than 50 per cent above their five-year average through 2024.&quot;</p><p style="text-align:justify">Brent crude oil is expected to average at $92 per barrel in 2023, over $30 per barrel higher than the average of the last five years of $60 per barrel, said the report. In 2024, the average Brent crude oil is expected to cost $80 per barrel.</p><p style="text-align:justify">Natural gas and coal prices will become cheaper in 2023, but Australian coal and US natural gas are expected to double their average of the last five years. Separately, low grain supplies in 2023 could result in high inflation.</p><p style="text-align:justify">Please <a href="https://www.business-standard.com/article/economy-policy/energy-prices-to-fall-11-in-2023-as-economies-slow-down-world-bank-study-122102700247_1.html" title="https://www.business-standard.com/article/economy-policy/energy-prices-to-fall-11-in-2023-as-economies-slow-down-world-bank-study-122102700247_1.html">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.business-standard.com/article/economy-policy/energy-prices-to-fall-11-in-2023-as-economies-slow-down-world-bank-study-122102700247_1.html" class="re" target="_blank">Business Standard, 27 October, 2022, https://www.business-standard.com/article/economy-policy/energy-prices-to-fall-11-in-2023-as-economies-slow-down-world-bank-study-122102700247_1.html</a><div class="clear"></div>
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Energy prices to fall 11% in 2023 as economies slow down: World Bank study -Raghav Aggarwal

Published on Oct 27, 2022   Modified on Oct 27, 2022

-Business Standard Currency depreciation in developing countries could deepen food and energy inflation: Commodity Markets Outlook report Global energy prices will ease in the next couple of years but "remain considerably" higher than the historic average, said a report on Wednesday. In many economies, prices in domestic-currency terms remain elevated because of depreciation and this could deepen food and energy crises. "As the global growth slowdown intensifies, commodity prices are expected to ease in the next two years, but they will remain considerably above their average over the past five years. Energy prices are expected to fall by 11 per cent in 2023 and 12 per cent in 2024," said the Commodity Markets Outlook report for October 2022 released by the World Bank. However, "prices will remain more than 50 per cent above their five-year average through 2024." Brent crude oil is expected to average at $92 per barrel in 2023, over $30 per barrel higher than the average of the last five years of $60 per barrel, said the report. In 2024, the average Brent crude oil is expected to cost $80 per barrel. Natural gas and coal prices will become cheaper in 2023, but Australian coal and US natural gas are expected to double their average of the last five years. Separately, low grain supplies in 2023 could result in high inflation. Please click here to read more.

Business Standard, 27 October, 2022, https://www.business-standard.com/article/economy-policy/energy-prices-to-fall-11-in-2023-as-economies-slow-down-world-bank-study-122102700247_1.html

Tagged with: Currency depreciation Brent crude oil Global energy prices Economic Slowdown Food prices Food inflation food security

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