Coronavirus, oil price war portend tougher times for petrochemical firms

摘要

SINGAPORE (ICIS)--It’s just the first quarter and the world has had a two-punch blow that could knock it off a growth path in 2020, casting a gloomy spell on the petrochemical industry as consumption could take a longer time to recover. An epidemic and an oil price rout make such an unhealthy combination afflicting the world economy that the usual antidote of cash injections to boost immunity may just not work as effectively as before.