Tag Archives | GDP

Hope for Czech chemicals as GDP data shows improvement

Analysts forecasts just out suggest that Czech Republic will boast GDP growth of 1.2% in the first quarter (Q1) this year, pointing to a gradual, permanent revival of the economy this year. Construction should lead the recovery, good news for commodity chemical producers in the region.According to the Prague Daily Monitor recovery will be slow, […]

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Greece economic crisis a worry for chemical producers

The news that the International Monetary Fund is standing by to bail out Greece must be a worry to chemical producers regionally. So far we’ve had no reports of a negative impact on demand for chemicals at ICIS. But financial instability is bound to affect the buying habits of consumers and a negative impact on […]

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Turkey in the doldrums

According to today’s Wall Street Journal, Turkey’s economy shrank by 13.8% in the first quarter of 2009 compared to last year. This is an astonishing performance and is bound to have had a negative impact on demand for chemical products.Turkey has, historically, had a large polymer deficit and relies heavily on imports. With the long-delayed […]

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