HP Impact: HPImpact: Energy costs, credit crisis force subdued stance for chemicals
At the end of 2008, the US entered at the very least a moderate recession, and economic growth in the rest of the world slowed considerably. Many large economies (Germany, the UK, Japan, etc.) and eme..
At the end of 2008, the US entered at the very least a moderate recession, and economic growth in the rest of the world slowed considerably. Many large economies (Germany, the UK, Japan, etc.) and emerging economies (Estonia, Hungary, etc.) also have fallen into recession, noted an end-of-the-year analysis from the American Chemistry Council (ACC).
"Forecasting at this juncture involves considerable uncertainty, but the general consensus is that the recession is spreading across the globe and will be characteristic of the business environment during 2009. This is affecting the demand for chemistry worldwide," according to the ACC. The global business of chemistry growth has essentially sta
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