Commodity price slump ‘will end up boosting growth’
Rowan Dartington Signature’s MD Andrew Morris said the fall will be “good news for growth prospects”
The recent fall in commodity prices should “ultimately be viewed as a positive”, according to Rowan Dartington Signature’s managing director, Andrew Morris.
The prices for Brent crude oil, copper and gold have all fallen by more than 10 per cent this year, partly due to concerns about global growth, but Mr Morris said the price fall will end up boosting growth.
He said: “A general fall in commodities... will in time be good news for growth prospects. By reducing imported or commodity-related inflationary pressures, this will not only help boost consumer purchasing power but it will take some of the heat off central bankers tasked with reigning in inflation.”