4min chapter

Goldman Sachs Exchanges cover image

As China reopens, what’s ahead for commodities in 2023?

Goldman Sachs Exchanges

CHAPTER

Is the Energy Crisis Over?

The only thing that solves this is investment in production capacity. Our base cases, we can make it through this year. But winter of 2324 starts to become a problem and prices are likely to escalate again. As our economists argue, is that probability is probably closer to 30%. And their base case is not a recession.

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