IHS Chemical Week

Markets :: Basic Chemicals :: Petrochemicals :: Propylene

ACC’s Economic Chief Expects Severe, Prolonged Recession

2:23 PM MST | January 9, 2009 | Vincent Valk

The recession is likely to last until as late as August and be followed by only a “tepid” recovery, Kevin Swift, ACC’s chief economist told attendees at a Chemical Marketing & Economics Group (CM&E) luncheon, held yesterday in New York. If this scenario holds true, this recession would be the longest economic downturn since the Great Depression, and result in 9% unemployment and a 3.8% decline in industrial output, Swift says. The vast majority of the industry’s end-use markets will experience an “accelerating decline”...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers




contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa