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

DECEMBER 2020

INFLATION RATE

In 2020-Q3, prices in the selected European countries are relatively stable (slightly declining) compared to both the previous quarter and the same quarter of the previous year: in both cases the
percentage change in the Consumer Price Index is lower than 1%. There is a noteworthy price
increase in China compared to the same quarter of the previous year (+2.27%) which follows from
the strong growth of the national economy that started in 2020-Q2. Also the United States experience price inflation of about 1.1%-1.2% due to the rebound in GDP growth and to the partial
recovery of its labour market. In Switzerland, the price change is slightly negative due to low oil
prices, weak growth prospects (due to the pandemic crisis) and a strong Swiss franc.

In partnership with

ASKNOW

Thank you

We will reply as soon as possible
ASKNOW

Thank you

We will reply as soon as possible