Economic Outlook

Economic Outlook1

 

 

Growth
2015

 

Growth forecast 2016

2015 figures restated

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 October 2016

World

 

+2.7%

 

+2.4%

European Union

 

+2.1%

 

+1.8%

of which Germany

 

+1.5%

 

+1.8%

United States

 

+2.6%

 

+1.4%

Emerging Markets2

 

+3.9%

 

+3.9%

Economic expectations have worsened overall so far this year. We now anticipate slower growth for the global economy in 2016 than in the previous year. In Europe, growth is likely to slow down compared with 2015, due partly to the uncertainty surrounding the schedule and shape of the United Kingdom’s exit from the European Union. A much slower pace of growth is also expected in the United States, however, especially as a result of restrained investment activity. The Emerging Markets are likely to grow at the same pace as in the previous year.

Economic Outlook for the Segments1

 

 

Growth
2015

 

Growth forecast 2016

2015 figures restated

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: Nicholas Hall, copyright 2016; all rights reserved; currency-adjusted

2

The outlook for growth of the animal health market in 2016 is based on market development in the first half of the year.

As of September 2016

Pharmaceuticals market

 

+10%

 

+6%

Consumer health market

 

+5%

 

+4%

Seed and crop protection market

 

–2%

 

–1%

Animal health market2

 

+5%

 

+5%

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