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What to Expect in a Year of Recovery

9:52 AM MST | January 11, 2010 | Robert Westervelt

All indications point to continued recovery this year, led by China. Producers are optimistic that the gradual demand improvement since second-quarter 2009 can be sustained in the new year as our cover story shows. Forecasts call for global chemical output to increase 4.6% this year, which would nearly offset a 4.6% contraction in 2009. Some possible snags remain. High energy prices, the diminishing impact of massive global stimulus, and global overcapacity could weigh down recovery, but it appears that the fledgling recovery is sustainable. If China’s...

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