Emerging Markets to Stay Strong This Year
May 22nd, 2008 | By Contrarian Profits | Category: Featured, Financial NewsThe established G7 markets are unlikely to see a recovery this year, but emerging markets will stay strong, according to IBM.
“If I were in a business model where I needed double-digit growth out of the G7 to drive my performance, I would be in a cold sweat,” said IBM’s CFO, Mark Loughridge, to Thomson Reuters.
“We’re not counting on a resurgence or recovery to achieve our growth for the year,” he said, referring to established markets in the G7 countries – the United States, Japan, Canada, Italy, Germany, France and United Kingdom.