ICIS Blogs : over-capacity

A "V-", "U-", "W-" or "L-shaped" recession?

Chemicals & The Economy — Sun, 14 Dec 2008 13:38:46 GMT

There is now general agreement that we are in a global recession. The World Bank's new 'Global Economic Prospects' report forecasts global GDP growth of 2.5% in 2008, and just 0.9% next year. This is well below the 3% level that signals recession...(read more)

Dow warns of need for "radical actions"

Chemicals & The Economy — Fri, 14 Nov 2008 10:56:47 GMT

Andrew Liveris, Dow CEO, has consistently warned that we are facing a major recession. Today , in a Bloomberg interview, he spells out the need for "radical actions" to "take out capacity". He notes that Dow's volumes are down...(read more)