January 2004

Trends and Resources

HP Impact: 'Renewed strength,' in economies forecast for OECDcountries

After a drawn-out period of fits andstarts, a palpable recovery has finally taken hold across membernations of the Organization of Economic Cooperation and Development(OECD). “The strong momentum..

Weirauch, Wendy, Hydrocarbon Processing Staff

After a drawn-out period of fits and starts, a palpable recovery has finally taken hold across member nations of the Organization of Economic Cooperation and Development (OECD). “The strong momentum already achieved in Asia, North America and the UK provides ample evidence of the renewed strength of the world economy. Despite lingering domestic weaknesses, continental Europe is also on its way to join the recovery,” according to an outlook from OECD. The upturn stems from a variety of factors. Since spring 2003, the geopolitical environment has steadied, allowing oil prices to stabilize and confidence to strengthen. In the US, past excesses in business investment ha

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