TITLE

Don't panic!

AUTHOR(S)
Richardson, John; Baker, John
PUB. DATE
September 2006
SOURCE
ICIS Chemical Business;9/18/2006, Vol. 1 Issue 35, p24
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents an overview of the petrochemical industry. U.S. growth is slowing down, with the dreaded U.S. consumer-driven recession a strong possibility. Low interest rates, high property prices and cheap imports from China made everyone feel rich, maintaining an unprecedented spending binge. Another concern is that U.S. appears to be past the peak in petrochemical earnings and the next wave of Middle Eastern and Asian capacity is due to come on stream in 2008-2010, just as the world might be in the midst of a major economic slowdown.
ACCESSION #
22669904

 

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