As part of IHS Markit’s (IHS) ongoing services to the Flexible Packaging Association (FPA), IHS wrote a follow-up polyethylene report based on the presentation given by Nick Vafiadis, Vice President, Plastics, IHS Markit, at the recent FPA Annual Meeting. The report covers key issues that are expected to drive the evolution of the industry in the near future and also includes the latest IHS Markit Economic and Energy analyses.
According to IHS, world economic growth is set to further decelerate in the short term, but it should stabilize later this year. U.S. economic growth will likely remain above its potential on an average annual basis in 2019. Europe’s economy will likely remain weak, but a recession is unlikely this year. Japan’s economy is headed for another year of volatility and disappointing growth, and China’s economic growth should stabilize and see at least a modest rebound later this year.