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A -- and Liz -- and dot most of this year's World Economic Forum speaking with business heavyweights and getting their take on this.
Global economic picture earlier.
-- sat down with.
SAP -- CEO bill McDermott she asked the head of the German software giant what he thinks will cure economic globe.
-- woes take a listen.
Let's talk about innovation because I think you are on the right subject how -- -- -- growth in times that are -- -- And for us it's innovating around the things that matter to customers I spent a lot of time here in Davos talking to CEOs and they all want to get mobile because they have to connect to their consumer.
They all have to have rich insights so they can not -- manage information and opportunities but also risk.
And of course they're trying to lower the cost of operating so they're going to the -- to -- hardware and expensive services course it is an end business value.
And a CP with our software platform is doing this for companies all over the world and what's fascinating is our growth was 21% in Europe 45% in America is in 32% and Asia.
So all over the world this message is resonating with clients because we help them grow their business film.
You're lucky that you happen to have the kind of company that can seize upon that opportunity but looking from a political standpoint it it do you expect.
That the crisis in the eurozone area will get worse before it gets better.
Well I actually think you know are more optimistic than a lot of people I think it's getting close to time with people need to make some decisions and -- -- this.
Well I I think at the end of the day.
-- government bodies that be in the powers that be recognize that the global economy is standing at attention waiting for action.
So I'm confident that action will be taken but let's look at.
When your growth what are you expecting before 2012 well we guided that we do ten to 12% software and -- related services which means our software continues to grow in double digit we predict this all over the world.
We're gonna we'll also weaker than -- -- now I don't think so I think it's every bit as good as it was last year because two thirds of our incremental growth was coming from net new innovation.
We invented something called Honda.
Which is in in memory computing appliance that's literally changing the world as we know it today.
Processing big huge amounts of data literally in real time and then mobile.
I mean everybody wants to connected device to a process to an application.
So your employees -- more productive you consumers understand once you know -- -- offering and of course the business makes more sales.
Where do you think where do you think on what point on the globe will the real growth leadership come from.
Which economy is going to be the one that -- the rest of the country along.
Well I mean China -- you know certainly.
An unbelievable growth opportunity we're gonna invest two billion US dollars between now and 2015.
India mean these are huge market opportunities all the brick countries are gonna grow very fast I think the United States is is really making a comeback and I can already received very very positive signs okay that's -- the United States really telling -- -- we're we're seeing excellent growth in the United States in manufacturing has been.
Investing in information technology -- starting to move forward again so.
-- I'm a little bit more.
Optimistic maybe it's because our business is done well but I'm talking to people every day.
That are focused on the customers -- focused on growing their business again on moving forward one of the things we've taken a position on here is a small midsize business.
To us that's a critical part of the global economy.
Not just down in the United States but literally everywhere.
Cutting down the regulation given the small business the entrepreneur norm the opportunity to prosper hire create jobs faster.
Yeah of course there is plenty more to come from -- -- -- adopt those that -- her interview next hour.
With the CEO and president of the Cleveland clinic.
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