Don't panic!

Richardson, John; Baker, John
September 2006
ICIS Chemical Business;9/18/2006, Vol. 1 Issue 35, p24
Trade Publication
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.


Related Articles

  • Bad All Over Grim thoughts from the OECD.  // Time;7/30/1979, Vol. 114 Issue 5, p62 

    The article reports on the impact of the 60% increase in oil prices since January 1979 on the economic slowdown among developed nations since the Organization of Petroleum Exporting Countries (OPEC) price in the 1974-1975 recessions. It states that the semi-annual forecast of the Organization...

  • It could be tough for whoever wins the White House but knock-on effects may be surprising. Tora, Brian // Money Marketing;9/9/2004, p30 

    This article focuses on recent slowdown in the U.S. economy. Rising interest rates, soaring oil prices and recent surprisingly downheat data on the U.S. jobs' market must all have combined to undermine confidence. It is the confidence of the consumer that is crucial to American economic...

  • The World Economy in the Spring of 2001.  // Economic Bulletin;2001, Vol. 38 Issue 5, p135 

    Since mid-2000 there has been a significant slowdown in global economic growth, marking the end of an extraordinarily dynamic phase. The determining factors were, firstly, the rise in oil prices, which served to dampen down economic activity. Secondly, monetary policy had applied the brakes, in...

  • Another day older and deeper in debt... Hoffman, Stuart G. // ABA Banking Journal;Oct2003, Vol. 95 Issue 10, p84 

    Offers insights on the status of the U.S. economy as of October 2003. Performance of economic indicators during the 2001 recession; Total household debt in the U.S. as of the second quarter of 2003; Impact of rising interest rates on the mortgage refinancing activity in the U.S.; Types of...

  • The crisis will alter new project profiles. Davis, Nigel // ICIS Chemical Business;10/20/2008, Vol. 274 Issue 15, p15 

    The article discusses the impact of global financial crises to chemical projects in Great Britain. According to the author, the shifts in the global financial system will alter project profiles and push some plans to the edge. In addition, the key to take chemicals and refined products to market...

  • Probing into Recession by Culling out Price Factor. Zhong Weike // China Chemical Reporter;7/6/2009, Vol. 20 Issue 19, preceding p6 

    The author reflects on the impact of recession on the prices of export and import of petrochemical products in China. He mentions that the tough economic situation negatively affected the import and export products of the sector because there is a 50% price drop in the imports amount and import...

  • THINK TANK. Davis, Nigel // ICIS Chemical Business;2/23/2009, Vol. 275 Issue 8, p15 

    The article presents information related to the global economic slowdown. According to newly released data, Japan's economy shrunk by a stunning 12.4% on an annualized basis in the fourth quarter in 2008. The quarterly decline was 3.3%. The worst slowdown since 1974 in the world's second-largest...

  • Strong economy draws out plethora of spending plans. Barkey, Patrick // Indianapolis Business Journal;9/4/2006, Vol. 27 Issue 26, p38A 

    The article talks about the recessions and business cycles in Indianapolis, Indiana. It is quite common for the economy to experience above-average growth in the first stages of recovery from a recession. The inevitability of the next downturn is one more regularity in business cycles and public...

  • More reasons to worry.  // Dow Theory Forecasts;2/28/2005, Vol. 61 Issue 9, p3 

    This article comments on several economic indicators. The averages have retreated on concerns regarding the slumping dollar, surging oil prices, and rising interest rates. A spike in oil prices above $50 per barrel has renewed concerns regarding the economic impact of higher energy prices, while...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics