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.
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