Scenario R6 combines the OECD+ recession shock with significantly stronger world market price reductions for fuels and other primary commodities than in scenarios R0 to R5. These stronger price effects are generated in an ad hoc manner by imposing initial wedges or mark-ups between price and marginal costs for fuels, agricultural and other primary commodities produced in the OECD and RoW regions, which are then eliminated in the crisis simulation. As shown in Table 13, in this scenario the average world market price for fuels drops by 27 percent relative to the numeraire, while the
world market prices for other primary commodities and agfood products fall by 12 percent and 7 percent respectively. The factor market closure assumptions and elasticity settings for this scenario are the same as for R1. Table 17 reports the simulated impacts on the main macro aggregates for developing countries while Figure 6 shows the ranking by size of the real absorption effects. This scenario magnifies the welfare losses in particular for the African net fuel exporters. On the other hand, for 12 of the net importers of fuels and other primary commodities, the gains from lower import prices are sufficiently strong to generate a positive net welfare gain in this illustrative scenario.