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  • G-20 tries to support growth

    The G-20 was created in 1999, after the financial crises that had hit emerging countries from 1997 onwards. It includes the G7 group of major industrial companies, plus the main emerging economies, including the BRIC countries (Brazil, Russia, India, China). Its ministerial meeting this weekend became...
    Posted to ICIS Blogs (Weblog) by Anonymous on 11-10-2008

  • ‘Sometimes those questions lead to war’

    The weekend’s finance minister meeting in Washington DC seems to have been quite different from its predecessors. Not only did they apparently have an ‘informal brainstorming session’ at one point, but they also found themselves confronted with two major and on-going crises: • We have to ‘put food into...
    Posted to ICIS Blogs (Weblog) by Anonymous on 04-15-2008

  • 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 is tied to GDP growth, so companies should expect volumes to come under pressure as...
    Posted to ICIS Blogs (Weblog) by Anonymous on 04-02-2008

  • Fed/IMF worry that US may see 'severe recession'

    The Financial Times this morning reports that the US Fed fears that ‘the economic downturn in the US could turn into a deep and protracted recession of the kind that plagued Japan’. Clearly based on interviews with senior Fed officials and other policymakers, the two articles (one for the European edition...
    Posted to ICIS Blogs (Weblog) by Anonymous on 03-13-2008
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