Caterpillar pares bullish 2015 view, cites falling demand, slowing China

Caterpillar has become the latest heavyweight in corporate America to sound an alarm on the sluggish global economic recovery, warning of a bigger than expected fall in demand over the next few years because of weaker commodity prices and slowing growth in China.

“We’ve seen a slowing in economic growth more than we expected,” Caterpillar CEO Doug Oberhelman told analysts and reporters in Las Vegas. “We expect fairly anaemic and modest growth through 2015.”

via Business feed http://www.scmp.com/business/companies/article/1046822/caterpillar-pares-bullish-2015-view-cites-falling-demand-slowing