Uncertainty about the economic outlook, geopolitical risks, and their implications for the chemicals industry is pervasive and increasing, according to speakers at the 2019 IHS Markit World Petrochemical Conference (WPC), held this week in San Antonio, Texas. Global economic growth is decelerating but a recession is unlikely, as chemical earnings are expected to weaken from a peak in 2018 but remain at a high level. While the outlook is not fully bearish, the key wildcard is politics.
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