Caterpiller Cuts Guidance On “Subdued Global Growth”, Blames Brexit And “Turkey Turmoil”
by Tyler Durden
ZeroHedge.com
Jul 26, 2016
‘World economic growth remains subdued and is not sufficient to drive improvement in most of the industries and markets we serve. Commodity prices appear to have stabilized, but at low levels. Global uncertainty continues, and the recent Brexit outcome and the turmoil in Turkey add to risks, especially in Europe.”
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