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

Author: Will Beacham

2020/12/08

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.

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Read the latest issue of ICIS Chemical Business.

Read Paul Hodges ICIS Chemicals and the Economy blog.

Interview by Will Beacham