Asian Chemical Connections
As the economic fog nestles densely across Europe, the German economy still seems to be standing as a beacon. Although Germany's light may have dimmed over the past few months, industrialists and economists agree that the weak fourth quarter was probably the bottom of the trough.
In its latest economic forecast for the EU 27, the European Commission says Germany's gross domestic product (GDP) increased by 3% in 2011, down from 3.7% in 2010, and employment reached its highest level in 20 years.
INSIGHT: Europe refiners may find pain relief in bio, integration
'With 40 of 82 European refineries at risk of closure, the sector needs to find alternatives to survive. The mood is pessimistic though'
VIDEO: ICIS special report - Turkish PVC market