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

  • May 3 2024
  • Duración: 34 m
  • Podcast
Episode 1168: Think Tank: Geopolitical risks threaten recovery of economy, chemicals Por arte de portada

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

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  • Resumen

  • 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
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