23 January 2008 19:30 [Source: ICIS news]
HOUSTON (ICIS news)--The US economy is not in a recession, but it will slow down this year compared with 2007, Dow Chemical CEO Andrew Liveris said on Wednesday, according to a media report.
In a news wire report by Reuters from the World Economic Forum in ?xml:namespace>
Liveris said Dow, since mid-2007, had been experiencing weaker demand. However, the situation had worsened dramatically recently, according to the report
"It's no more acute now than it was a few months ago. Therefore, the first half (of 2008) I think will be a continuation of this, which suggests that the overall year will be a slower year than last year - there's no question about that," he said, according to the report.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections