IHS Chemical Week

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IHS: Economic and energy outlooks improving

3:00 PM MDT | April 1, 2013 | —Robert Westervelt in Houston

Stronger global economic conditions and moderating oil prices are improving global growth prospects. The outlook for 2013 is brightening in part because of the dangers the global economy has avoided, said Nariman Behravesh, IHS chief economist, in a speech at IHS Chemical’s 2013 World Petrochemical Conference (WPC), at Houston late last month. “A lot of bad things that could have happened in 2012 did not,” Behravesh said. “We did not go over fiscal cliff in the United States, the Eurozone did not meltdown or break up, and China did not have a hard...

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