ACC Year-End Situation & Outlook (November 2023)
Moving into the end of the year, the momentum that has propelled the U.S. economy during 2023 is starting to fade. Despite robust growth in U.S. GDP during Q3, the U.S. economy is slowing down.
Overregulating the chemistry industry jeopardizes innovation, jobs, and economic growth. Learn more.
Martha Gilchrist Moore is the Chief Economist and Managing Director for Economics and Statistics at the American Chemistry Council. Ms. Moore analyzes the impact of various policy initiatives and energy trends on the chemical industry. In addition, she produces forecasts for the economy and chemical industry. She also directs the Council's research on the direct and indirect economic contributions of the business of chemistry and the benefits to consumers. Ms. Moore has worked on chemical industry issues for more than 25 years and is an authority on the market dynamics for the chemical industry and its end-use customer industries. Ms. Moore holds a master's degree in economics from Indiana University and is a graduate of the University of North Carolina at Chapel Hill. She is a member of the National Association for Business Economics and the US Association for Energy Economics (USAEE) and serves on the board of the National Capital Area Chapter of USAEE.
Moving into the end of the year, the momentum that has propelled the U.S. economy during 2023 is starting to fade. Despite robust growth in U.S. GDP during Q3, the U.S. economy is slowing down.
The business of chemistry has a vital role in our lives — creating “inputs” for many of the products and technologies we rely on every day and helping to make our world healthier, safer, more sustainable, and more productive.
Natural gas has been employed in U.S. chemical manufacturing since the industry’s earliest days, and its importance has only grown over time. In this country, natural gas is used for fuel and power at chemical facilities, as a raw material for some chemicals, and as the source of natural gas liquids (NGLs) that are the main feedstock. Natural gas provides much of the energy used to run complex chemical operations. Today, it’s often the only adequate source of heat energy available for “cracking” and other heat-intensive chemical processes.