Europe is also in the midst of what is forecast to be its coldest winter since Russia’s invasion of Ukraine, with the continent already dipping deeper than usual into gas storage as temperatures plummet.
Chemicals and the Economy
Europe’s economy loses its “engine”, as France follows Germany into political turmoil
Europe has been built through crisis since the end of World War 2. Today’s economic and political crises require a similar focus on reinvention.
Companies need to refocus to avoid over-capacity problems ahead
Today’s population growth is mainly due to increasing life expectancy, not babies being born. And these Perennials 55+ are the most under-served generation in history. Companies who pivot to meet their needs are likely to be very successful
Chemicals must respond to demographic destiny
Demographic changes are now transforming the nature of demand in chemicals and other industries. Far-sighted companies around the world are already adapting their strategies for success in today’s New Normal.
Chemicals industry starts to focus on Reinvention options at Berlin conference
The key is to rethink the business and become demand-led. And the good news is that companies are now starting to explore this option.
Middle East and Ukraine Wars, US election and China’s slowdown threaten ‘October surprise’ for markets
The real “October surprise” for markets might be to find out that central banks are powerless against today’s major geopolitical risks.
Deflation risks rise as OPEC aims to regain market share and cut oil prices
Oil market developments need very careful attention. If prices do now fall below $50/bbl, then central banks will likely rush to make major cuts in interest rates. And that will make deflation even more likely.
China’s economy risks heading into recession as Producer Prices enter deflation
China’s problems are spreading to the rest of the world. Not only is it exporting deflation, as its Producer Prices fall. But also, and understandably, consumer countries are introducing trade barriers to protect their own industries
Chemical prices start to slide in Asia and Europe, as summer slowdown starts early
Geopolitics are starting to fragment the global economy again. Economics are no longer the key driver for decisions. And so we need to refocus on the geopolitical risks ahead.
China’s housing market moves from boom to bust
China’s housing inventory is now at a record 25 months. Prices/demand continue to fall. And local government land sale income has already fallen 1/3rd since 2021 to $800 billion, with a further 10% fall to expected this year. And so now services are having to be cut.
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