The Plastics Industry Association (PLASTICS) has released an official analysis on the impact of the International Monetary Fund’s 2023 economic growth revision on the global plastics trade, authored by PLASTICS Chief Economist, Dr. Perc Pineda, as per Plasticsindustry.
Dr. Pineda writes, “According to the IMF's growth revisions, the global economy is anticipated to remain relatively stable from 2023 to 2024 but indicating a sideways movement. This projection has implications for the global plastics trade as well. While the industry can still expect growth opportunities in 2023, the subdued economic outlook for 2024 might pose some trade-related concerns.”
We remind, the International Energy Agency (IEA) on Friday said demand growth for oil next year will be slower than previously forecast, citing lackluster macroeconomic conditions, post-pandemic recovery running out of steam and burgeoning use of electric vehicles.
The Plastics Industry Association (PLASTICS) is the only organization that supports the entire plastics supply chain, including Equipment Suppliers, Material Suppliers, Processors and Recyclers, representing over one million workers in our USD468 billion U.S. industry.
mrchub.com