Daily Economic Indicator: Immelt is optimistic about the recovery

11/17/2010 | Wall Street Journal, The

Jeff Immelt, chief executive officer at General Electric, said that the economic recovery "continues to be encouraging." Mr. Immelt commented on the recovery as GE and a number of venture capital firms prepared to announce winners of an innovation contest organized by GE. "I think the economy is recovering," Mr. Immelt said. "That is what we've said and that's what we feel."

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