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Recently, ICIS issued a document stating that the global chemical industry, especially in Europe and the United States, must prepare for an economic recessi.
Business management confidence plummets
Business management confidence plummetsAccording to The Economist, global GDP growth is expected to slow from 8% in 2021 to 1% in 2022, while.
With such low market confidence, most chief executives in capital-intensive industries such as chemicals would not spend billions of dollars on capital projects amid a recession, ICIS sa.
Capital spending faces biggest hit
Capital spending faces biggest hitIn Europe, rising energy and raw material prices were already weighing on investment prospects even before the escalation of the Russian-Ukrainian confli.
INEOS announced on June 20 that it will not proceed with its previously planned €500m vinyl acetate monomer (VAM) UK project, announced in 2017, given the prospect of unstable and uncompetitive energy costs in the .
In the.
"For.
Real estate market pulls down
Real estate market pulls downThe.
On June 21, Stuart Miller, executive chairman of Lennar Corporation, one of the largest homebuilders in the United States, said at the second-quarter earnings conference: "The rapid doubling of interest rates in the past six months, coupled with the acceleration of housing prices, Started to prompt buyers in many markets to reconsider buying properti.
The latest data from ICIS on the.
