Economics
As Global Economy Hums, Davos Turns Bullish on Commodities
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The last two editions of the World Economic Forum were somber affairs for oil industry chieftains and commodities tycoons. The consensus in Davos was that oil was going to stay low, OPEC would fail to lift prices, and the mining industry faced a difficult time.
Roll forward to 2018 and there’s been a near-universal shift in sentiment as strong and synchronized global economic growth drives demand for raw materials.