Spain Petrochemicals Q4 2018
Spain is faced with significant downside risks, including the outcome of Brexit as well as a potentially protracted Catalancrisis and a fractious coalition of political forces in the centre. An economic downturn caused by these factors would spur furtherstructural reforms aimed at boosting competitiveness in key export industries, including controversial labour market reforms andpotential reductions in capacity along the value chain. A reduction in economic growth could crimp petrochemicals output growthover the medium term.
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