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GE CEO: Economic Trends Still Mostly Positive

Wed, 10/24/2012 - 2:25pm
The Associated Press

OMAHA, Neb. (AP) — General Electric CEO Jeff Immelt says overall economic trends continue to be positive, but business is volatile in the aftermath of the recession.

Immelt appeared on CNBC Wednesday in a joint interview carried live with investor Warren Buffett.

Immelt says he thinks investors should step back and look at the long-term positive trends. He says he believes the general economic trend remains positive and there is business out there for people who hustle.

The GE boss says his company has a $200 billion backlog of business currently.

But Immelt says he thinks there would be more investment in the United States if the nation's leaders would address the so-called fiscal cliff of automatic tax increases and spending cuts that could be triggered at the start of the new year.

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