GE CEO: Economic Trends Still Mostly Positive
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.