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Unilever CEO Eyes Emerging Markets

Predicts a slow recovery in developed market.

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By: TOM BRANNA

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Add Unilever executives to the growing list of business leaders who see gloomy results on the horizon in developed markets. In a 90-minute conference call yesterday, Unilever chief executive Paul Polman and chief financial officer Jean Marc Huet said the consumer outlook for developed countries was bleak. “In many European countries and in North America, the austerity cuts will impact for years to come,” said Polman. “There will be a long and drawn-out recovery in developed markets. Fort...

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