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Major US companies see more growth in Latin America due to increased infrastructure spending

General Electric Co. (GE) expects about $10 billion in orders in Latin America this year as an expanding middle class clamors for improved infrastructure from electricity and clean water to transportation. GE sees revenue growing 10 percent to 15 percent annually in Latin America during the next few years as the region’s growth boosts demand for industrial services including power generation, water and oil, Vice Chairman John Rice said in an interview in Rio de Janeiro. A slowdown in the Brazilian economy,…
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