UTC's David: Tough 12 Months Ahead For U.S. Economy

Jan. 13, 2005
By John S. McClenahen The next 12 months will be a tough time for the U.S. economy, but the longer-term looks better, says George David, chairman and CEO of United Technologies Corp. (UTC), Hartford, Conn. During the next year, "we've got the ...
ByJohn S. McClenahen The next 12 months will be a tough time for the U.S. economy, but the longer-term looks better, says George David, chairman and CEO of United Technologies Corp. (UTC), Hartford, Conn. During the next year, "we've got the potential for consumer-spending pullback in the capital goods sector, vehicles, housing starts, things like that," he says. "We've got continued challenges in aviation," adds David, whose company produces Pratt & Whitney jet engines. However, "I think we can be decisive in affirming the long-range outlook for economies across the world -- especially in emerging markets."

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