Germany: Avoiding Recession

Chemical industry output growth in Germany is expected to slow to 1% in 2012 from 4% in 2011, says industry association VCI (Frankfurt). Growth in sales by Germany’s chemical industry will also decelerate sharply to 2% in 2012 from 9% in 2011, VCI says. The slowdown reflects the impact of the debt crises in the European Union (EU) and U.S., which is increasingly causing uncertainty among consumers and companies, with dampening effects on the chemical business, VCI says. However, VCI does not expect a recession for the industry this year, based on industrial...

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