date:Jul 25, 2014
rther slowdown in the emerging countries, while developed markets are not yet picking up. It may be a few more quarters before we see the first signs of meaningful recovery.
Total revenue in the quarter fell 5.5 per cent to 24.1 billion, hurt by the weakness of currencies such as the Argentine peso, Venezuelan bolivar and the Indonesian rupiah against the euro. Argentina accounts for about 2 per cent of sales, while Venezuela is less than 0.5 per cent, Huet said.
Growth Trap
The company remai