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U.S. Chemical Industry Prospects for 2024
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Overview
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The U.S. chemical industry is projected to see a slowdown in consumer spending and business investment in 2024, with potential challenges from rising regulatory impact, Fed policy mistakes, and geopolitical uncertainties. Despite this, the industry's long-term prospects remain positive. Key trends to track in 2024 include emissions reductions, clean hydrogen developments, and capital spending on lower-carbon emissions technologies.
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How could the outcome of the presidential election affect the chemical industry's future direction and investments?
How might the projected slowdown in consumer spending and business investment impact the overall economic growth of the U.S.?
What measures can the chemical industry take to mitigate the challenges from rising regulatory impact and potential Fed policy mistakes?
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