{"id":10458,"date":"2012-05-03T20:32:19","date_gmt":"2012-05-03T18:32:19","guid":{"rendered":"http:\/\/www.myza.co.za\/05\/update-2-ges-immelt-sees-long-slog-ahead-for-europe\/"},"modified":"2012-05-03T20:32:19","modified_gmt":"2012-05-03T18:32:19","slug":"update-2-ges-immelt-sees-long-slog-ahead-for-europe","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-2-ges-immelt-sees-long-slog-ahead-for-europe\/","title":{"rendered":"UPDATE 2-GE&#8217;s Immelt sees long slog ahead for Europe"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* CEO says Europe is going to be slow growth &#8220;for a long<br \/>\ntime&#8221;<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Developing economies remain a key focus<\/p>\n<p><span><\/span><\/p>\n<p>* Company plans to continue pruning back GE Capital<\/p>\n<p><span><\/span><\/p>\n<p>By Nick Zieminski<\/p>\n<p><span><\/span><\/p>\n<p>NEW YORK, May 3 (Reuters) &#8211; General Electric Co<br \/>\nexpects Europe to experience an extended period of slow economic<br \/>\ngrowth, but sees Algeria, South Africa, Turkey, Venezuela,<br \/>\nIndonesia and Peru as the next markets where the company is<br \/>\nlikely to reach the billion-dollar revenue mark.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Europe is going to be slow growth for a long time. If they<br \/>\nallow a bank to bust like what happened here in September 2008,<br \/>\nit could be worse. So count on Europe being slow,&#8221; said the<br \/>\ncompany&#8217;s chief executive, Jeff Immelt, at a conference on<br \/>\nmanaging risk in New York, organized by the Simon Graduate<br \/>\nSchool of Business.<\/p>\n<p><span><\/span><\/p>\n<p>The collapse of Wall Street investment bank Lehman Brothers<br \/>\nat that time helped set off the global financial crisis.<\/p>\n<p><span><\/span><\/p>\n<p>The largest U.S. conglomerate has increasingly focused its<br \/>\ngrowth efforts on so-called resource-rich countries that have<br \/>\nlarge supplies of energy or minerals.<\/p>\n<p><span><\/span><\/p>\n<p>GE aims to focus its acquisition efforts on buying new data<br \/>\nanalytics technologies, but Immelt does not expect the maker of<br \/>\nproducts ranging from jet engines to light bulbs to transform<br \/>\nitself into a software company.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* CEO says Europe is going to be slow growth &#8220;for a long time&#8221; * Developing economies remain a key focus * Company plans to continue pruning back GE Capital By Nick Zieminski NEW YORK, May 3 (Reuters) &#8211; General Electric Co expects Europe to experience an extended period of slow economic growth, but sees [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10458","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10458"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10458\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}