BHP Billiton Limited
(ASX:BHP) says recent signs of economic improvement in the US will continue, in an upbeat assessment of the global economy.
The multinational miner’s Chairman Jac Nasser told media the improvement in the US and the changing focus of the Chinese economy meant the world should witness more balanced growth over the coming decade.
But the company warns that risks remain, including those posed by possible changes to monetary policy in the US.
Despite gas prices improving in the US, BHP says it expects prices for iron ore and coal to be weighed down over coming years by the sharp increase in supply.
BHP generated a net profit of $11.9 billion in fiscal 2013.
