global plastics & polymers k 2004 houston london singapore dubai industry update october howard rappaport practice leader thermoplastics hrappaport cmaiglobal com willkommen pe pp pvc alex lidback ps pet graham harris olefins middle east aaron yap asia questions cmai offices new york the economic outlook 2006 short term risks high and volatile energy prices inflation overheating geopolitical uncertainties main scenario current pace of expansion will moderate slightly in 2005 monetary fiscal policies become more restrictive structural reforms needed to address imbalances recovery is well established growth industrial emerging markets china investment production trade expanding higher oil impact gdp 0 5 10 15 20 25 30 40 1 9 7 2 4 6 8