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Global slump hits developing countries as credit squeeze impedes trade and growth.
Historic commodity boom ends, prices fall with slowing growth.
Future demand and supply of oil and food can be balanced, given the right policies.
A new World Bank report, Global Economic Prospects 2009, examines the impact of the financial crisis on GDP growth across the world, noting a marked slowdown everywhere, including in formerly resilient developing countries. Subtitled Commodities at the Crossroads, the report finds that future demand and supply of key commodities like oil and food can be balanced given the right policies in the energy and agriculture sectors.
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