Wednesday, January 26, 2011

25 Years & A Billion Asians

"The United States and the enormous buying power of U.S. consumers will not be enough to drive earnings growth for big U.S. businesses in the decades ahead. The American consumer will always be important. But for the next 25 years, it's probably not going to be the engine of global growth.  It's going to be the billion people joining the middle class in Asia, it's going to be what the resource-rich countries do with their newfound wealth."

Jeffrey Immelt, CEO, GE; Newly appointed economic adviser to the President

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