August 2007

Trends and Resources

HP Impact: HPImpact: Chemicals output to increase 4.7% worldwide in 2007

At mid-point 2007, the global economy remains relatively strong and is rebalancing. Much of Western Europe has accelerated, Japan features sustained growth, and China, India and many other emerging ma..

Weirauch, Wendy, Hydrocarbon Processing Staff

At mid-point 2007, the global economy remains relatively strong and is rebalancing. Much of Western Europe has accelerated, Japan features sustained growth, and China, India and many other emerging markets are growing at a stout pace, offsetting slower growth in the US. According to the International Monetary Fund, world GDP grew 5.4% in 2006, the fastest pace since 1973—marking the best four-year period since the early-1970s. Notwithstanding a pronounced slowdown in the US, the impressive global growth of the last few years will continue into 2008 and 2009, led by continued strong economic growth in emerging markets. With the powerful influence of globalization, world economic growth

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