The chief executive at one of the world's biggest players in emerging markets expects the slowdown in those countries to last "years." Speaking at a reception on Nov. 29, Unilever CEO Paul Polman, said many of those countries will need to push through structural reforms as they readjust after recent boom years.
"They are still relatively stronger economies, but still fragile," said Polman, according to Bloomberg News. "And you see that growth coming off now a little bit, obviously not being helped either by lower demand coming from Europe and the US. This will last a few years. And it will only be corrected if some of the reforms have been made in these places."