(Bloomberg) — The chemical industry became the latest sector to be hit by the coronavirus after German giant BASF SE warned the outbreak could lead to the lowest growth in production since the financial crisis more than a decade ago.The slump in demand may see the supplier of plastics and additives slide to a second straight year of falling profit, BASF said in a statement on Friday. The epidemic will have a significant impact worldwide, particularly in the first and second quarters, which won’t be fully offset during the remainder of the year.The setback comes at a time that BASF …read more
Source:: Yahoo Finance
