General Electric has started to see the first “glimmers of hope” in the world economy, according to a senior executive at the US conglomerate.
Nani Beccalli, who as chief executive of GE International is in charge of all its business outside the US, told the Financial Times that he saw several encouraging bits of economic data from around the world.
These included “signs of life” in the US and European retail sectors and improving profits among European banks as foreign competitors leave the market.
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