Cat CEO says global economy still at critical stage

By WEEK Reporter

Credit: PR NEWSWIRE

Film crews prepare the Cat(R) 320D L hydraulic excavator for its role in an action sequence in the latest Bond film -SKYFALL. (PRNewsFoto/Caterpillar Inc.)

April 2, 2013 Updated Apr 3, 2013 at 11:23 AM CDT

Tuesday, Oberhelman kicked off the Innovations Conference on Asphalt and Transportation at the Par-a-dice Hotel.

Oberhelman says 'infrastructure' is the key to economic development and growth.

 

The Cat executive says a long term vision for infrastructure can help the state and country as a whole overcome serious budget crisis.

 

"I am confident that our leaders in the state have this squarely in their sights. They will get something arranged that will help us, and we can get back on our feet in terms of infrastructure and construction spending. I worry about it for our country because everywhere I go in the world , I see our competitors investing in infrastructure," Oberhelman said.

Oberhelman says while the United States is not investing in infrastructure aggressively enough, countries like China are pouring money into infrastructure projects.

 

 

 

PEORIA, Ill. -- Caterpillar CEO Doug Oberhelman says the global economy is still at a critical stage.

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