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- Title
Defaults to persist until 2010.
- Authors
Walter, Patrick
- Abstract
The article discusses the economic condition of chemical industry in Europe. It notes that the industry shows signs of recovery after it suffered badly during the recession, however analysts say that defaults and bankruptcies will remain until 2010. A report by Standard & Poor's Corp. notes that chemical sales showed signs of improvement even though it is minor and the second quarter of 2009 has a sales volume of 19.5% compared in 2008. Refinance and mergers of companies are also discussed.
- Subjects
EUROPE; CHEMICAL industry; ECONOMIC recovery; RECESSIONS; DEFAULT (Finance); BANKRUPTCY; STANDARD &; Poor's Corp.; MARKETING of chemicals; ECONOMICS
- Publication
Chemistry & Industry, 2009, Issue 20, p5
- ISSN
0009-3068
- Publication type
Article