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Low oil prices to boost global GDP, benefit Dow − executives

Low oil prices to boost global GDP, benefit Dow − executives

HOUSTON (ICIS)--US-based Dow Chemical expects to benefit from lower oil prices, based on the assumption that it will allow consumers to spend more money on items other than fuel, increasing demand for the company's products, executives said on Wednesday.

Dow expects the world's economy will grow by at least 3.4% in 2015, up from 2.8% this year, said Howard Ungerleider, chief financial officer. He made his comments during an earnings conference call.

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