Economic scenario - ECSA Chemicals

Economic scenario

Economic analysis for the market of chemicals and raw materials

Economic scenario

Economic analysis for the market of chemicals and raw materials

AUGUST 2021

INFLATION RATE

In 2021-Q1, most selected European countries and China experienced a positive inflation rate. The transition of economic activity towards normalcy is reflected in an increase in average price levels among OECD countries of 1 percent relative to 2020-Q4 and of almost 1.9 percent relative to 2020-Q1. A noteworthy exception is Switzerland, which did not experience a price increase because of weak growth and a strong Swiss franc. According to the OECD economic outlook, inflation among OECD countries is going to reach 3% in the remaining quarters of the year and it is going to stabilize between 2% and 2.5% from 2022.

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