Exporting nations ‘must guard against price falls’

Commodity exporting nations face the risk of lower prices in coming months and should work to protect their economies from swings that would hurt growth, the International Monetary Fund has said.

“Given weak global activity and heightened downside risks to the near-term outlook, commodity exporters may be in for a downturn,” the IMF said in a section of its World Economic Outlook report which was released yesterday.

“If downside risks to global economic growth materialise, there could be even greater challenges facing commodity exporters, most of which are emerging and developing economies.”