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Sales In Emerging Markets Are Slowing, Unilever CEO Warns, Due To Fragile Economies

December 3, 2013: 12:00 AM EST
Many countries in so-called emerging world markets need to implement “structural reforms” to deal with their underlying fragility, Unilever CEO Paul Polman said recently. Unilever expects an economic slowdown in emerging markets will dampen second half sales, and could last as long as five years. The company gets more than half of its revenues from countries like India and China, where underlying sales rose at a relatively slow 3.2 percent in the third quarter, the weakest in four years. Sales rose five percent in the first half of the year. “Emerging markets are clearly decelerating, but will always grow faster than the developed world,” said a Swiss analyst.
Albertina Torsoli , "Unilever CEO Says Emerging Market Slowdown to Last for Years", Bloomberg, December 03, 2013, © Bloomberg L.P.
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