Economic Outlook

Economic Outlook1

 

 

Growth 2015

 

Growth forecast 2016

1

Real growth of gross domestic product, source: IHS Global Insight

2

Including about 50 countries defined by IHS Global Insight as emerging markets in line with the World Bank

As of April 2016

World

 

+2.6%

 

+2.6%

European Union

 

+1.9%

 

+1.8%

of which Germany

 

+1.4%

 

+1.9%

United States

 

+2.4%

 

+2.1%

Emerging Markets2

 

+3.8%

 

+3.9%

We expect global economic growth in 2016 to match the prior-year level. Very low interest rates overall worldwide will continue to stimulate the economy. We anticipate ongoing steady growth in the European Union, with Germany especially contributing to this development. The U.S. economy is expected to grow at a slightly slower pace than in the previous year. By contrast, we anticipate slightly stronger growth in the Emerging Markets, although the Chinese economy is predicted to lose further momentum.

Economic Outlook for the Segments1

 

 

Growth 2015

 

Growth forecast 2016

1

Bayer’s estimate, except pharmaceuticals and consumer health; source for pharmaceuticals market: IMS Health, IMS Market Prognosis, copyright 2016; source for consumer health market in 2015: Nicholas Hall, copyright 2015; all rights reserved; currency-adjusted

As of April 2016

Pharmaceuticals market

 

+10%

 

+7%

Consumer health market

 

+5%

 

+4%

Seed and crop protection market

 

−1%

 

0%

Animal health market

 

+5%

 

+4%

Covestro continues to anticipate an improved economic climate in 2016 for its main customer industries.