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Annual Report 2019

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Home > Reports > Annual Report 2019 > Market Review

2019 Business Environment

The global economy experienced a synchronized slowdown in 2019 with many advanced and emerging economies contributing to the global economic slowdown.

Economies

In response to the declining economic growth, policymakers in many countries started providing more monetary and fiscal stimulus.

Trends

Global petrochemical capacity continued to grow during 2019, driven mainly by expansions in the US and China.

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