Looking for Growth in the Chemicals Industry

摘要

Recovery has stalled in developed nations. Debt, unemployment, and the emerging recession in Europe will encumber U.S. growth prospects in the years ahead. One bright spot, however, is the shale gas story. The global economy, which entered the third year of recovery in June 2011, has reached a critical state The pace of improvement has slowed, due to such factors as higher energy prices, the disasters in Japan, the financial crisis in Europe, and the slowdown in China, among others. While dynamic growth has materialized in China and other emerging markets, where recovery evolved into business cycle expansion during 2010, the U.S. and other developed nations have yet to see the emergence of a typical business cycle recovery.