The European Chemical Industry Council's economic outlook offers some light at the end of the tunnel. Maria Burke reports.
Economists for the European chemical industry were determined to instil some good cheer into company executives in Brussels last month. They insisted that the difficult times are over with signs of improvements heralding a brighter New Year.
Chemical production could rise by over 3% next year, according to Richard Freeman, chief economist at ICI, and chair of the economic outlook panel of the European Chemical Industry Council (CEFIC). This follows an estimated increase of about 1.2% in 1996. The panel believes that stock levels are low in most …
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