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A chilling wind in the world in the world’s financial markets since the summer can hardly have escaped anyone’s attention. With the financial crisis deepening, the economic outlook has also become gloomier. However, great uncertainty remains as to how the turmoil is affecting the real economy. The diagram below shows a downward trend for leading indicators, an index of future economic activity, in both the US and Europe since the middle of 2007. Even though the US has been the focus of attention, the diagram indicates a more negative trend in Europe. Growth fig ures as measured in GNP also appear to be as shaky in the EU as in the US, if not shakier. In the OECD’s most recent forecast in September, GNP growth in 2008 was estimated at 1.8 percent in the US and 1.3 percent in the euro zone. However, this forecast was made prior to the latest dramatic developments in the financial markets. The economic downturn in Europe has also created expectations of interest rate cuts and has helped, at least temporarily, to break the fall of the dollar that began in early 2006. The price of electricity (Nordpool) has defied the economic slump and continued to climb to new record levels. Among the reasons mentioned are high coal prices, as a result of strong demand from China, and the fear of a drier fall than usual in Sweden and Norway.
Get the products, support, and knowledge you need to lighten your environmental footprint. Ranked as the Greenest Tissue Manufacturer in the world, * and named one of the world’s 95 most ethical companies, ** <strong>SCA</strong> is a leader in providing sustainable paper products and dispensing solutions under the Tork Brand. Learn how we can help you lower your impact on the environment. Download our Environmental Evaluator at torkusa.com. Tork offers you several paths to a greener tomorrow: 100% recycled napkin, towel and tissue products that are elemental and process chlorine-free Our products and manufacturing processes meet the strictest third-party environmental certification standards Controlled consumption dispensers reduce both waste and cost With regionalized manufacturing facilities, product travels fewer miles SmartFit case sizing allows more product on trucks, reducing fuel costs * As ranked by The Independent in conjunction with Ethical Investment Research Services ** As ranked by the Ethisphere Institute <strong>SCA</strong> Tissue is a leading provider of napkins, towels, tissue, wipers and dispensing systems for the Away From Home tissue market.
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Magazine - SCA

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