Input Price Forecasts See Raw Materials Rising, Labor Stable
The recovery from 2020’s global pandemic is expected to bring a mixed bag for input costs in 2021, as wage freezes or modest increases at most contrast with what Goldman Sachs call the beginning of a “long-lasting bull market” for commodities globally. Minimum wages across the Asia region are stagnant after some regions saw major jumps in 2019 on the strength of a booming global economy. Some raw materials meanwhile are going up in price, boosted in part by continued recovery in China and resulting demand, as the pandemic has been a “structural catalyst” for the market trend.
Among labor markets ... Log in to view full article.