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ABB sees 2017 an energy market under uncertainty


Petroleumworld.com 01 19 2017

Power and industrial automation maker ABB sees 2017 as a transitional year with growth picking up in 2018 in the energy sector, Chief Executive Ulrich Spiesshofer said in an interview with CNBC on Wednesday.

"Global markets continue to be characterised by high levels of uncertainty we don't know yet how Brexit will come out," Spiesshofer said at the World Economic Forum in Davos.

"There is a lot of uncertainty that will have a subdued effect on the markets, we are .. preparing for a market return later on in 2017," Spiesshofer said.


Story by John Revill from Reuters.

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