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'Don't assume pathway to recovery is guaranteed', says Wood Mackenzie

UK-headquartered research firm Wood Mackenzie has presented a sobering outlook for the global economy; one where a five-year recession causes a massive slump in base metals demand, an extended period of oversupply and prices that chase costs downwards.

Tom Hoskyns
Wood Mackenzie's 'slump scenario' combines the recession of the severity of 2009 – without the sharp recovery – and the low growth rates of the early 1980s or 1990s

Wood Mackenzie's 'slump scenario' combines the recession of the severity of 2009 – without the sharp recovery – and the low growth rates of the early 1980s or 1990s

Julian Kettle, vice chairman of metals and mining at WoodMac, presented his ‘slump scenario' this week via webinar. The outlook "combines a recession of the severity of 2009 - without the sharp recovery...

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