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Slow or no growth in developed countries, says McDonald.
August 3, 2011
By: TOM BRANNA
Editor
Procter & Gamble Corp. Chief Executive Robert McDonald says his company is preparing for a period of little or no economic growth in developed countries. McDonald told reporters Wednesday in Singapore that he’s concerned about the lack of growth in the U.S. He said his company’s sales from October last year through to March this year in North America, Western Europe and Japan were flat. P&G is scheduled to announce its April-June earnings Friday. McDonal...
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