IHS Chemical Week

...sees weak economic conditions in 2013

11:04 AM MST | December 12, 2012

Global economic growth is expected to remain modest in 2013, according to DuPont estimates. DuPont expects global GDP growth of about 2% in 2013, executive v.p. and CFO Nicholas Fanandakis told investors yesterday on a call updating 2013 guidance. The company forecasts regional GDP growth of 1.5% North America, 4% in Asia/Pacific, 7%-8% in China, and 0% in Europe next year. Global industrial production is expected to advance 2% in 2013, fueled largely by China, Fanandakis adds. Global autobuilds are expected to grow 2%. US housing starts are one bright spot with...

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