GE Sees Latin America Sales Climbing 25%, Outpacing China

General Electric Co. projects revenue in regions such as Latin America will rise as much as 25 percent a year through 2016, outpacing growth of as much as 15 percent in Asian countries including China.

Faster-growing, resource-rich countries from Australia to Peru and Mozambique may account for 50 percent of GE’s industrial revenues by 2020, up from 37 percent of last year’s approximately $94 billion of sales, the company said today in a meeting with investors in Rio de Janeiro.