GE Sees 20%-25% Growth in Latin America
NEW YORK (TheStreet) -- General Electric (GE) confirmed Wednesday it expects double-digit revenue growth 2012 and 2013.
"GE has doubled revenues in twenty-seven countries in five years and our global revenue has expanded to more than 55% of our total industrial revenues. Approximately 66% of our record $200 billion backlog comes from global markets and over half from the growth regions," said John Rice, a GE vice chairman, ahead of an investor meeting in Brazil.
GE said it sees 20% to 25% growth in "resource-rich" regions such as Latin America, Australia and New Zealand, the Middle East and Africa. GE expects 10% to 15% growth in Asia.