Though the demand outlook for commodities is encouraging, the outlook is not without risk. Escalating geopolitical tensions, supply disruptions and high energy prices are adding increased uncertainty in markets, according to BHP Billiton Chairman Don Argus. The rates of growth around the world are likely to slow but the company views the global economic outlook as positive, he added. Argus said that growth in north east Asia will continue to be a major driver of the global economy. Japan's expansion is well-established and China's economic growth is expected to remain strong, even if the attempts to cool recent accelerations are successful.
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