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ACC Sees Moderate Growth Ahead

3:41 PM MST | December 1, 2009 | Vincent Valk

The U.S. chemicals sector is in recovery mode, but growth in coming years will be moderate, according to ACC's annual year-end outlook. U.S. chemicals output is expected to fall 6.2% for 2009, before rising 3.4% in 2010 and 4% in 2011. Globally, output is projected to decline 4.6% this year, before rising by the same amount in 2010. Global GDP is forecast to decline 2.4% in 2009, which would be the first such decline since World War II. However, "the general consensus is that the recession has ended," ACC says. Chemical business output in emerging...

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