Summary
BLOOMINGTON, Ill. - Caterpillar Inc. believes the American economy isn't far from taking off again but needs a better idea of where government policy is headed in key areas such as taxes, Chief Financial Officer Edward Rapp said Thursday.
The company forecasts that the U.S. economy will grow by about 3 percent in 2012, Rapp said before a speech at Illinois Wesleyan University in Bloomington. He said growth of 3.5 percent to 4 percent should kick off demand for new heavy machinery like the company's construction equipment.See the full content of this document
Extract
Caterpillar Cfo Expects Economy to Pick Up Soon
"There's a pent-up demand waiting to happen, but it's ...
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