02 October 2012 15:27 [Source: ICIS news]
“For the time being, the headwinds are continuing, with weakness in production and new orders, and dimmer prospects on labour markets,” DIW economics head Ferdinand Fichtner said.
“The biggest risk for
While the intervention of the European Central Bank made it less likely that the eurozone crisis will escalate, an escalation could not be excluded completely, he said.
Fichtner said that growth in emerging economies, but also in the
However, in China and Brazil, in particular, governments were reacting to the weakness with an expansionary monetary policy and stimulus measures, paving the way for stronger growth rates towards the end of 2012, he said.
Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections