Reuters
GE CEO sees ‘choppier’ operating environment next year
General Electric Co’s Chief Executive Larry Culp on Tuesday warned companies are likely to face a “choppier” operating environment next year, but expressed confidence that his company would be able to work its way through it. The International Monetary Fund this month further cut its 2023 global growth forecasts, warning that colliding pressures from inflation, war-driven energy and food crises and sharply higher interest rates were pushing the world to the brink of a recession and threatening financial market stability. Culp, however, said a ramp-up in the aerospace industry following a strong recovery in air travel, coupled with a push worldwide to reduce carbon footprints and a growing demand for better healthcare will help GE deal with operating challenges.
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