The majority of specialists forecast a slowdown in the growth of prices for oil and goods. They do not exclude that the global energy market may considerably drop. Financial experts note that prerequisites for such a decline emerged this year. Demand for commodities showed explosive growth lately. However, supplies were reduced due to lockdowns and bottlenecks in the supply chain. In 2021, prices for steel were up by 70%, coking coal increased by 74.5%, and natural gas prices climbed by 57.5%. In the coming year, the global economy may face significant changes, e.g. slowdown in the growth of prices for raw materials and other commodities. “The cost of raw materials and, as a consequence, goods, most likely, is at local highs – there is no need to expect further explosive growth in prices for raw materials,” economists stressed. Along with the stabilization of the commodity market, the service sector will expand, according to analysts. They say that part of the capital may flow into this area. Such a decline in the sector was due to coronavirus restrictions and lockdowns. These lockdowns have brought “unusual realities” to the economy, the economists added. The US investment bank JPMorgan Chase & Co sees that the global economy is likely to recover. However, some analysts doubt this economic outlook for 2022 because there are several unresolved issues.
