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 July 2016

World

 

+2.6%

 

+2.5%

European Union

 

+1.9%

 

+1.7%

of which Germany

 

+1.4%

 

+1.6%

United States

 

+2.4%

 

+1.9%

Emerging Markets2

 

+3.8%

 

+3.8%

Economic expectations slightly worsened overall in the first half of the year. We now anticipate somewhat slower growth for the global economy in 2016 than in the previous year. The British vote to leave the European Union will cause additional uncertainty, particularly for the European economy. A slower pace of growth is also expected in the United States, however, especially in view of the disappointing job market development. 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 in 2015: Nicholas Hall, copyright 2015; all rights reserved; currency-adjusted

As of July 2016

Pharmaceuticals market

 

+10%

 

+7%

Consumer health market

 

+5%

 

+4%

Seed and crop protection market

 

–2%

 

–1%

Animal health market

 

+5%

 

+4%

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