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Sunday, Oct 6
GE forecasts infrastructure growth of 10-15% in emerging markets
- GE (GE) Vice Chairman John Rice expects the conglomerate's infrastructure businesses to expand 10-15% outside the U.S. and Europe in the next 5-10 years.
- Rice projects that GE's infrastructure operations in China will enjoy "healthy double-digit" growth in the coming years, having expanded 15-20% recently.
- However, the uncertainty in the global economy will make financing projects more complicated.
- Rice singled out GE's oil and gas equipment business as a key growth area.