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Episode 1168: Think Tank: Geopolitical risks threaten recovery of economy, chemicals

ICIS - chemical podcasts

English - May 03, 2024 00:00 - 33 minutes - 47 MB
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Previous Episode: Episode 1166: Chinaplas '24: China's polymer industry moving fast toward high end development amid fierce competition
Next Episode: Episode 1169: NPE'24: Markets face sustainability, risk management, technology challenges and opportunities

A more optimistic outlook for the global economy and chemicals could be jeopardized by rising geopolitical instability. 

-          Current downturn reminiscent of 1970’s oil shock 

-          Global GDP growth could start to recover from 2025

-          Geo-political risks are rising and could jeopardise economy

-          Chemicals CEOs slightly more upbeat

-          PMIs show China manufacturing now expanding 

-          But China challenged by debt, property bubble, youth unemployment, demographics

-          Expect 2-3%/year China GDP growth in 2030s as population declines

-          Europe economy is stabilising, driven by services

-          US economy should see a soft landing