A verdict on 2001
- From: Vol 3, Issue 1 (January 2002)
- Category: Performer of the month
- Region: Unspecified
- Country: France, United Kingdom and United States
- Related Companies: American Water Works, Azurix, Cadiz Inc, Calgon Carbon, Enron, Osmonics, Pennon/South West Water, RWE, Scottish Power, Southern Water, Suez, US Filter, Veolia Environnement (formerly Vivendi Environnement) and Wessex Water
December marked the end of a roller coaster year for the international water sector. Several companies experienced notable success while others were happy to hear the sound of the year’s final trading bell. The year 2001 brought the end of one of the longest running bull markets in history and the arrival of a global economic slowdown. For the global water industry, consolidation and mergers continued to drive sector performance.
The US Federal Reserve was active throughout the year, cutting interest rates no fewer than 11 times in an attempt to revive the sagging US economy. However, the big story for 2001 was the terrorist attacks in New York City and Washington DC which shut down international financial markets and sent a sluggish global economy plunging into recession. Fortunately, 2002 ...
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