The U.S. economy was showing “modest growth” in some sectors, as well as signs of strength, former General Electric CEO Jack Welch said Thursday.
In an interview on “The Kudlow Report,” the celebrated ex-honcho weighed in on the state of the economy.
“I expected an acceleration in the first quarter, and what we were getting was modest growth in the short-cycle businesses — in food supplies, in chemicals and other things — in our private-equity companies,” he said. “But we were getting real strength in non-residential construction and in infrastructure.”
Welch shared with host Larry Kudlow a few pros and cons.