Tags: GE | ceo | Economy | Different

GE CEO Immelt: Economy Now is 'Different Than 2008'

Thursday, 06 Oct 2011 07:53 AM

General Electric Co. Chief Executive Jeff Immelt said Thursday that despite worries about the state of the U.S. economy, conditions are "a lot different" than during the credit crisis of 2008 that set the stage for the last downturn.

"This is a lot different than 2008, guys," Immelt told reporters at a GE event in Columbus, Ohio. "There is liquidity, there are pockets of growth and I think people have confidence that they might be able to find the right pockets of growth."

The largest U.S. conglomerate is introducing Thursday what it bills as the largest study yet done on the "middle market" of American business, companies that generate between $10 million and $1 billion in annual revenue.

Midsized companies will have access to credit but seem concerned about their ability to keep it, Immelt said.

"They have access but they're worried," Immelt said. "It's not that what they're seeing today is so bad, but they're worried about what happens next."

© 2017 Thomson/Reuters. All rights reserved.

 
1Like our page
2Share
StreetTalk
General Electric Co.Chief Executive Jeff Immelt said Thursday that despite worries about the state of the U.S. economy, conditions are a lot different than during the credit crisis of 2008 that set the stage for the last downturn. This is a lot different than 2008, guys, ...
GE,ceo,Economy,Different
161
2011-53-06
Thursday, 06 Oct 2011 07:53 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

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