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Leaving the Choppiness of 2019 Behind, Industrial Info Sees Smoother Sailing for 2020-2022

power

Industry Segment: Power | Word Count: 801 Words

SUGAR LAND--January 24, 2020--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Shaheen Chohan, Industrial Info's vice president for global analytics, invoked a nautical metaphor January 23 when assessing the outlook for global industrial project spending over the next three years. "There's fairer weather ahead, but still some choppy waters," he told an estimated 1,500 attendees at Industrial Info's 2020 Industrial Market Outlook in Houston. "There was slow, subdued growth in 2019, and we expect there will be a slight pickup in 2020, but we're still sailing with the anchor overboard."

Within this article: Details on how the global economic outlook could affect fortunes in the Oil & Gas Production, Industrial Manufacturing, Power Generation, Chemical Processing, Oil & Gas Pipelines and Petroleum Refining industries.

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