Beyond Recovery

Global chemical shipments are expected to grow 5% as industry starts the expansion phase of recovery in 2011 (p. 18). “Globally, recovery in chemicals has shifted to expansion,” says ACC chief economist Kevin Swift. “The prior peak has been breached for global chemical shipments, but the U.S. is lagging and is still in recovery mode.” Global industry shipments soared 8.8% in 2010. A more modest gain of 4%-5% was the consensus forecast at this time last year, an indication of how much stronger than expected...

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