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Dow warns on US economy

Economic growth, Oil markets

US economic conditions are ‘ominous”, and may worsen into 2009, according to Dow CEO, Andrew Liveris. “A month ago we might have said … the US slowdown could be bottoming, but I don’t think it is bottoming,” Liveris said in response to analysts’ questions at an investor conference in New York. He added that “I think we are in for a tough 2008 and maybe even a tougher 2009.”