Description

Manufacturing competitiveness in the United States is expected to improve in 2013. Due to the shale gas and shale oil revolution and a subsequent decline in natural gas prices, the US could regain its competitive advantage in 2013. The outlook for the chemicals industry for 2013 is bullish; it is expected to serve as a major driver of economic growth in the US. Canada's growth will probably depend on exports to the US and on the recovery of the Eurozone. Growth in Canada is expected to stabilize later this year, with expected chemical industry rebound and a stronger mining industry.