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

OCTOBER 2020

INFLATION RATE

In 2020-Q2, prices are relatively stable compared to 2020-Q1: the percentage change in the Consumer Price Index is modest and within the ±1% range in most reported countries, with two exceptions.

First, in Switzerland both current inflation and inflation expectations are low due to low oil prices, weak growth prospects (due to the pandemic crisis) and a strong Swiss franc. This is visible from the negative inflation of -1.22%.

Second, China’s strong rebound in GDP growth after easing national restrictions in the second quarter leads to a relatively strong increase in prices of about 2.7%

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