There is a 75% chance that the economy will enter a period of case-based growth driven, in part, by infrastructure needs, Caterpillar CEO Jim Owens said. Owens noted that many mines still operate with outdated equipment, suggesting a pent-up demand for the company's products. However, he noted that there is a 25% chance of "a great recession" if central banks put exit strategies for bailout programs in place too quickly.

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