February 2007

Trends and Resources

HP Impact: HPImpact: Global economies to slow in 2007, but fend off recessions

Though GDP growth has decelerated in the US, it has remained strong in most other parts of the world and accelerated in some others—notably the "Eurozone." Economists with Global Insight believe ..

Weirauch, Wendy, Hydrocarbon Processing Staff

Though GDP growth has decelerated in the US, it has remained strong in most other parts of the world and accelerated in some others—notably the "Eurozone." Economists with Global Insight believe that even if the rest of the world follows the US lead, the slowdown worldwide will be relatively mild. Global growth is projected to decline from 3.9% in 2006 to 3.3% in 2007. The US economy will only grow about 2.2% this year. While "the downturn in housing is turning out to be quite pronounced, the good news is that thanks to strong fundamentals for consumer spending (decent job growth and improving real wages, helped by lower gasoline prices), capital spending (strong profits and still-hig

Log in to view this article.

Not Yet A Subscriber? Here are Your Options.

1) Start a FREE TRIAL SUBSCRIPTION and gain access to all articles in the current issue of Hydrocarbon Processing magazine.

2) SUBSCRIBE to Hydrocarbon Processing magazine in print or digital format and gain ACCESS to the current issue as well as to 3 articles from the HP archives per month. $409 for an annual subscription*.

3) Start a FULL ACCESS PLAN SUBSCRIPTION and regain ACCESS to this article, the current issue, all past issues in the HP Archive, the HP Process Handbooks, HP Market Data, and more. $1,995 for an annual subscription.  For information about group rates or multi-year terms, contact J'Nette Davis-Nichols at Jnette.Davis-Nichols@GulfEnergyInfo.com or +1 713.520.4426*.

*Access will be granted the next business day.

From the Archive

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}