BHP Sees Inflation Dragging on Global Economic Growth in 2022
- CEO Henry eying long-term trends for group’s future growth
- Events in Ukraine seen bolstering case for move into potash
This article is for subscribers only.
BHP Group Ltd. has revised down its expectations for global economic growth this year, with activity likely to be constrained by accelerating inflation.
The global miner expects world growth will be below its forecast of a 5% expansion made last month, Mike Henry, BHP’s chief executive officer, said at a conference in Sydney Tuesday. Surging commodities prices are likely to have “spillover effects” on inflation, while the conflict in Ukraine has added a further headwind, he said.