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Chemical industry instrument and more in the Wake of a weak global economy
The German chemical and pharmaceutical industry is in conflict, more Trade and of the gloomy world economy. After a weak first half of the year, it expects only a moderate recovery in the course of the year, such as the German Chemical industry Association (VCI) said in Frankfurt. “The risks to economic growth remain high,” said President Hans Van Bylen, with a view to the trade dispute between the United States and China, the Brexit and the Iran conflict. It should come to war in the Middle East, this would have consequences for global trade. For 2019, the VCI lowered its forecast: It now expects sales to decline by 3 percent to 197 billion euros. Most recently, he had assumed a Minus of 2.5 percent. The production in the third-largest German industrial sector to decline by 4 per cent, and thus also stronger than previously calculated. “The global economy has performed weaker than expected in the beginning of the year,” said Van Bylen
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