Deep impact?

October 2007
ICIS Chemical Business;10/22/2007, Vol. 272 Issue 15, p10
Trade Publication
The article discusses the impact of subprime loan debt crisis in the U.S. Several economists and analysts do not rule out that the crisis may crimp global consumption, and could yet trigger a major meltdown in global financial and currency markets. The U.S. economy is stated to be in a delicate state, with the risk of a recession at 35-40%. According to Paul Hodges, the chairman of consultancy International eChem, the current slowdown inevitably impacts all parts of the chemical industry.


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