People & Business :: Companies
Demand Stabilizing, but Recovery Will Be Rocky
1:22 AM MDT | September 21, 2009 | Vincent Valk and Robert Westervelt
Producers are confident that the worst is now behind for the chemical sector but warn that recovery may be slow. “Business conditions are stabilizing,” Dow Chemical chairman and CEO Andrew Liveris said last week at the Credit Suisse chemical conference in New York. “We believe that strong growth in Asia/Pacific, especially China, is going to be an engine” driving recovery, he says. The U.S. economy has likely bottomed out but improvement will be slow due to high unemployment and weak consumer spending, Liveris says. Chemical makers face...
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