Quantcast
Tags: GE | CEO | US | European | Crisis

Report: GE CEO Sees Slow US, European Crisis Exit

Thursday, 15 Jul 2010 06:37 AM

Share:
More . . .
A    A   |
   Email Us   |
   Print   |
The United States and Europe are slowly pulling out of the economic crisis, General Electric chairman and chief executive Jeffrey Immelt told la Repubblica daily in an interview on Thursday.

"The base scenario is that which sees Europe and the United States exiting slowly from the crisis period,'' Immelt said.

"I see it every day, I see the economy improving day after day. I especially see our orders improving day after day.'' China, India, Brazil, Africa, the Middle East and resource-rich areas "are clearly doing well,'' he said.

He said General Electric was interested in acquisitions in Europe as the dollar strengthened.

Mentioning the company's Nuovo Pignone energy research center in Italy, Immelt said: ``We will find another investment, of the Nuovo Pignone kind.”

© 2012 Thomson/Reuters. All rights reserved.

Share:
More . . .
   Email Us   |
   Print   |
Around the Web
 
Email:
Country
Zip Code:
 
Around the Web
You May Also Like

Harvey Golub: Obama Blocking Economic Recovery

Wednesday, 23 May 2012 19:10 PM

Harvey Golub, Miller Buckfire chairman and executive committee member of the American Enterprise Institute, says the "an . . .

Wharton’s Siegel: Euro Devaluation Is Europe’s Best Option

Wednesday, 23 May 2012 18:59 PM

University of Pennsylvania economist Jeremy Siegel says the least disruptive route Europe can take is to sharply lower t . . .

Goldman's Hatzius: Chance of Fed Stimulus Still Pretty High

Wednesday, 23 May 2012 18:44 PM

The chance the Federal Reserve will prop up the economy via monetary stimulus is quite high, says Goldman Sachs chief ec . . .

MONEYNEWS.COM
©  Newsmax Media, Inc.
All Rights Reserved