The US Federal Reserve Bank's emergency cut in the prime rate this morning makes anybody warmer than a rock ask if we're heading into a recession, and how bad it is going to be.
Well, for the process industries, and process automation, we can help. Last week, I interviewed EulerHermes ACI chief economist, Dan North, about whether there was a recession coming, and what its effects would be on the process industries, and end users therein.
