Episode 970: Think Tank: US bank run could herald tougher lending conditions for chemicals

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The rescue of two troubled US banks signals the end of two decades of easy lending, so chemical companies may find it more difficult to access funds in the future.    -          Central banks have facilitated reckless lending -          Chemical companies may have to work harder to justify funding-          Lack of financial discipline has fuelled massive global overcapacity in chemicals-          Huge levels of government borrowing may trigger Asia debt crisis-          China demand for high density polyethylene (HDPE) may fall from 2023-2040-          China’s economic growth may never return to previous high levels