GE's (GE) Immelt Says Economy As Bad As Early 70s, Maybe Worse

Industrials

Published: February 5, 2009 11:16 am

Last Updated: April 27, 2020 10:04 pm

Ge_large It is worth noting when the head of the world’s largest conglomerate comments on how bad the economy. Jeff Immelt made some grim comments this morning. They speak for themselves.

According to Reuters, "The U.S. economy is in its worst shape since the deep recession of 1974 and 1975, and if it deteriorates further the most meaningful comparisons will be to the Great Depression, General Electric Co (GE.N) Chief Executive Jeff Immelt said."

Douglas A. McIntyre

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