Episode 1168: Think Tank: Geopolitical risks threaten recovery of economy, chemicals
A more optimistic outlook for the global economy and chemicals could be jeopardized by rising geo...
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Show Notes
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