Volume 89 Issue 51 | p. 7 | News of The Week
Issue Date: December 19, 2011

Industry To Slow In U.S. And Europe

Chemical Forecast: Bright spots are overshadowed by Europe’s debt crisis and U.S. housing market
Department: Business
Keywords: economy, chemical production, recession, outlook

In its end-of-the-year assessment and outlook for the chemical enterprise, the American Chemistry Council concludes that “the recovery from the worst recession since the Great Depression has stalled.” The European Chemical Industry Council (CEFIC) is also concerned about economic growth. Both industry trade groups say chemical production in their regions will grow at a slower pace in 2012 than it did this year.

ACC’s pessimistic appraisal . . .

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