Unilever Chief sees emerging market slowdown lasting a few years

2nd Dec 2013 13:19

Unilever Chief Executive Officer Paul Polman said the economic slowdown in emerging markets is here to stay as many countries need to enact structural reforms to adjust to new conditions after the boom of recent years, according to Bloomberg. "They are still relatively stronger economies, but still fragile [...] This will last a few years. And it will only be corrected if some of the reforms have been made in these places," he reportedly said. As of 13:23 shares of the company were down by 1.42% to the 2,434p mark.