Semestrial Panorama 2022 #2

Maxime Terrieux, Marion Hémar, Cécile Duquesnay, Benoît Jonveaux, Meghann Puloc’h, Emmanuelle Mansart Monat, Cécile Valadier, Sylvain Bellefontaine, Alix Vigato, Maelan Le Goff and Luciana Torrelio

Working Paper from Agence française de développement

Abstract: The rise in commodity prices had already been happening since mid-2020 and is subject to an in-depth analysis in this third issue of the semi-annual MacroDev Panorama. The objective is to place the dramatic increase in prices observed in the spring in a historical perspective and question whether it is temporary or permanent. Beyond the economic impacts on growth trajectories and external account balances, which have varying degrees of exposure and vulnerability to the shock, the social impacts, in particular in terms of food security, and political impacts are of particular concern. The shock affecting food commodity prices has highlighted the materiality of climate risks and their cross border spillover effects, as illustrated, for example, by India’s decision to suspend its wheat exports following the drought affecting the country, which is also compounding global supply tensions.

Keywords: Afrique; Angola; Égypte; Guinée; Mozambique; Nigéria; République démocratique du Congo; Amérique latine; Argentine; Bolivie; Pérou; Orients; Azerbaïdjan (search for similar items in EconPapers)
JEL-codes: E (search for similar items in EconPapers)
Pages: 48
Date: 2022-09-05
New Economics Papers: this item is included in nep-env
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Published in Macrodev

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Persistent link: https://EconPapers.repec.org/RePEc:avg:wpaper:en14416

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