GE officials said during the call Friday morning the company expects a slow-growth developed world environment, and that Europe could be flat next year, or maybe even in a recession. However, GE doesn't expect a huge decline in Europe or in the U.S. In the emerging markets, where growth is outpacing growth in developed markets for the industrial conglomerate, GE said it expects continued good order momentum, with it very broad-based across all growth regions, though it will "continue with some volatility."
NEW YORK (TheStreet) -- The world isn't ending, and the developing world will continue to be the global economic engine, though a more sober economic and markets analysis is needed headed into 2012. That was the message from General Electric (GE) officials on the company's third-quarter earnings call.
|GE CEO Jeff Immelt|