executive corner: ABB N.A. chief: Recovery will come in pieces

摘要

I wouldn't put it like that. I would say there are sectors of the economy that will be recovering much sooner than others. This stimulus package, at least the energy portion of the stimulus package in the U.S., I think by the end of this year, certainly in the fourth quarter, we will see the benefit of that. By this I mean certain power businesses, conservation businesses, certainly anything dealing with renewables. Certainly, automation doing business with renewables. The part of our business that is working with renewable power, electronics, generation, and on the power side transformers and switch gears--by the first quarter of next year we will see a big boost there. It is very clear there is a sense of urgency from the Obama administration to deploy these plans because the main issue is jobs. Where I am a little less optimistic is the housing sector in residential construction.