Commodities will probably rebound next year as demand strengthens, according to the World Bank, adding its voice to those including Citigroup Inc. who’ve forecast that 2017 may be a better year for raw-material prices. The Washington-based lender pared its forecast for declines in 2016 in its latest quarterly outlook, and forecast a modest rebound next year. “We are at the bottom of the cycle,” Senior Economist John Baffes, the report’s primary author, said in a phone interview.
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