Deere CEO: ‘I don’t think we are out of this’
Deere & Co. CEO Samuel Allen said Washington’s partisan debate over debt could send a “near-term shock” through a U.S. economy still struggling to recover, Bloomberg reported. “I have a lot of concerns for the economy,” Allen, who leads the world’s largest maker of farm equipment, said Tuesday in an interview in Bloomberg’s Chicago bureau. “I don’t think we are out of this.” The U.S. economy will expand 2.9 percent this year, according to the median of 75 economists’ estimates compiled by Bloomberg. Allen said the economy is in “more precarious shape” than those forecasts indicate.
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