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 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