CFO Conference 2012: Global Economy Hits Soft Patch

For a third straight year global economies are showing signs of weakness after a relatively strong start to the year, Nariman Behravesh, chief economist at IHS told attendees at the IHS Chemical Financial Forum held in New York earlier this month. “The incoming data point to softness in most parts of the world,” Behravesh says. “In Europe, all signs are flashing red.” Forecasts for all regions of the world have been revised down since last month, and the global growth projection for 2013 has been cut from 3.5% to 3.0% (table). “As...

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