Decoupling fortunes

Milmo, Sean
January 2008
ICIS Chemical Business;1/7/2008, Vol. 273 Issue 1, p14
Trade Publication
The article reports that the year 2008 looks to be a tough and difficult period for the world economy, following the financial turmoil of August and September 2007, which has triggered a decline in house prices in the U.S. and parts of Europe. The uncertainty has been exacerbated by the threat of oil prices bursting through the psychologically important level of $100/bbl and also by unusually big increases in food prices partially caused by the big switch to biofuels in North America and Europe.


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