May 2003

Special Report: ACHEMA 2003

ACHEMA Perspective 2003-United States

In the weeks leading up to early March, signs of an economic recovery have been mixed. The outlook for 2003 and 2004 largely depends upon geopolitical events and the effects of higher..

Swift, T. K., American Chemistry Council

In the weeks leading up to early March, signs of an economic recovery have been mixed. The outlook for 2003 and 2004 largely depends upon geopolitical events and the effects of higher energy prices. The economy of early 2003 is at a very fragile state. Consumers continue to worry about terrorism warnings, a weak labor market and rising fuel costs. Although the housing sector continues at a healthy pace, consumer spending, which accounts for two-thirds of the economy, could be negatively affected. Business confidence is low, and the uncertainty is delaying hiring and capital spending plans. After the worst year in mem

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