Abstract
The US will benefit from strong job growth, moderate inflation, and a good investment climate in 2019, according to the American Chemistry Council (ACC), the US chemical industry’s major trade association. Even though it is concerned about rising interest rates and the impact of tariffs, the ACC predicts that US chemical output will rise 3.6% in 2019 following a 3.1% increase this year. “Expansion across a broad band of industrial sectors is supporting American economic growth this year,” says Kevin Swift, the ACC’s chief economist. He predicts that next year, US industrial activity will continue to expand but that an economic slowdown that is now underway in overseas markets, coupled with rising trade tensions, presents “a risk of economic disruption.” On the plus side for US chemical producers are surging domestic energy supplies and increased availability of ethane, a key raw material obtained from natural gas. Because of the shale-gas
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