Commodities demand to endure: BofA
Dec 11, 2012 | 04:47 PM
| Samuel Frizell
Tags
Bank of America Merrill Lynch,
Francisco Blanch,
commodities outlook,
oil and natural gas,
platinum,
copper,
David Woo,
Samuel Frizell
NEW YORK — Global demand for commodities likely will survive domestic and global threats such as the fiscal cliff and the euro crisis over the next two years, buoyed by global growth and a stronger Chinese economy, analysts said at the Bank of America Merrill Lynch Global Research 2013 Year Ahead news conference Tuesday.
"We’ve heard about the impending fiscal cliff. This could be a big risk to markets," said Francisco Blanch, head of global commodities and derivatives research at New York-based Bank of America Merrill Lynch. "(But) we expect global growth to be roughly 3.2 percent next year, and this will lend some support (to) commodity demand in general." ....
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