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PrintBloomberg reported that Noble Group Limited forecast a rebound in demand for metals and grains over the next 12 to 18 months as government investment programs boost economic growth.
Mr. Richard Elman CEO of Noble Group said that “I am seeing the bottom. I would not be surprised to see in a year to 18 months time we take off again. There will be renewed vigor for most countries to revitalize their economies. The Chinese are putting a lot of money into infrastructure.''
Noble forecast for a recovery tallies with that from Rio Tinto Group, which said on November 10th 2008 that the slowdown will be short and China will be rebound next year.
Editor: Ivy
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