PODCAST: Falling chemical prices signal switch from inflation to deflation
Will Beacham
12-Jul-2023
BARCELONA (ICIS)–Falling chemical prices could be a leading indicator of a switch from inflation to deflation in the broader economy.
- Chemical industry leading indicator for wider economy
- Spike in energy prices, supply chain disruption caused price hikes, inflation
- Poor demand and excess supply could deflate prices
- European industries introduce longer summer shutdowns
- Central bank policies encouraged too much growth in industrial capacity
- Global economy now governed by real, underlying supply and demand
- Aging populations around the world drag on demand growth
In this Think Tank podcast, Will Beacham interviews Marco Hesselink, Brenntag’s business manager polymers for German-speaking countries (speaking in a personal capacity) and Paul Hodges, chairman of New Normal Consulting.
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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