PODCAST: Economists more optimistic on vaccines but logistics, Brexit risks remain

BARCELONA (ICIS)–New economic forecasts have upgraded prospects for 2021 globally as the vaccination programme kicks in, but logistics problems and the UK’s withdrawal from the EU could threaten any recovery.

– Economists upgrade expectations for 2021
– But recovery may be held back by logistics challenges
– Spare industrial capacity, higher capital spending may benefit chemicals, economy
– But a return to business as usual unlikely
– Thousands of businesses have closed permanently, unemployment rising
– Consumer spending has changed, perhaps permanently
– Chemicals must pivot to local sourcing, production, recycling
– Brexit uncertainty is hurting business

Listen to this podcast with ICIS Insight editor, Nigel Davis, and the chairman of New Normal Consulting, Paul Hodges.

Editor’s note: This podcast is an opinion piece. The views expressed are those of the presenter and interviewees, and do not necessarily represent those of ICIS.

ICIS is organising regular updates to help the industry through this time of crisis. Register here .

Read the latest issue of ICIS Chemical Business.

Read Paul Hodges ICIS Chemicals and the Economy blog.

Interview by Will Beacham