Entries from Chemicals & The Economy tagged with 'GDP'
Webinar recording now available
If you missed the blog's recent webinar, Simon Robinson (ICIS online editor) has kindly posted a recording of it. To access this, you just need to join the new ICIS Chemicals and the Economy Group by clicking here....
UK downturn follows the 1930/34 path
Politicians and analysts often focus on selling dreams. Otherwise, we might not be tempted to buy their promises of better times ahead. But those running businesses have to remain realistic. BASF's CEO, Jurgen Hambrecht, did exactly that in his comments...
EU GDP falls 2.5%, auto sales down 12%
Continental Europe is now in its worst recession since World War 2. GDP fell 2.5% in Q1, following a 1.6% fall in Q4. Germany, often viewed as the 'motor' of the eurozone, saw its GDP fall a shocking 3.8% as...
China's exports fall, imports collapse
China has just reported its first fall in exports for 7 years. These were still growing at 19.1% in October, but fell 2.2% in November. The suddenness of the downturn is also shown in the import figures, which were down...
China focuses on domestic growth
In September, the blog wondered whether "China's interest in remaining the manufacturing capital of the world may be starting to wane". Yesterday, Lou Jiwei, the chairman of China's sovereign wealth fund (China Investment Corporation) confirmed the new focus on domestic...
IMF expects low growth, high inflation
The IMF now sees a 25% chance of a world recession this year, in which global growth would fall below 3%. Its base forecast is just 3.7%, compared to 5.2% before the credit crunch began. Sales growth for most chemicals...
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