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Thursday, February 04, 2010
The US economy, led by a surge in corporate spending on equipment, has moved into the second phase of the recovery and will soon lead to job growth, a bullish John Chambers, CEO of Cisco, told CNBC Thursday.
The sharp increase in capital spending, Chambers said in a live interview, is a precursor to jobs growth for the entire US economy. His conversations with business and government leaders at last week’s economic forum in Davos, Switzerland, also convinced him that sentiment has improved across the globe, he said.
posted in: News
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