PLASTICS Industry Association Releases Analysis: Global Economic Outlook Revision Impact on Plastics Trade

Washington D.C.— The Plastics Industry Association (PLASTICS) has released an official analysis on the impact of the International Monetary Fund’s 2023 economic growth revision on the global plastics trade, authored by PLASTICS Chief Economist, Dr. Perc Pineda.

Dr. Pineda writes, “According to the IMF's growth revisions, the global economy is anticipated to remain relatively stable from 2023 to 2024 but indicating a sideways movement. This projection has implications for the global plastics trade as well. While the industry can still expect growth opportunities in 2023, the subdued economic outlook for 2024 might pose some trade-related concerns.”

Click here to read the full analysis on the PLASTICS blog page.

The Plastics Industry Association (PLASTICS) is the only organization that supports the entire plastics supply chain, including Equipment Suppliers, Material Suppliers, Processors and Recyclers, representing over one million workers in our $468 billion U.S. industry. PLASTICS advances the priorities of our members who are dedicated to investing in technologies that improve capabilities and advances in recycling and sustainability and providing essential products that allow for the protection and safety of our lives. Since 1937, PLASTICS has been working to make its members, and the sixth largest U.S. manufacturing industry, more globally competitive while supporting circularity through educational initiatives, industry-leading insights and events, convening opportunities and policy advocacy, including the largest plastics trade show in the Americas, NPE2024: The Plastics Show