WPP sees growth in 2012, challenges in 2013

WPP has cut its sales growth forecasts for 2011, though margins have improved (implying that costs have been cut significantly).

Chief executive, Sir Martin Sorrell, is expecting growth of around 3%-4% in 2012 (down on 4%-6% in 2011), though 2013 may present a greater challenge “when a newly elected president will finally have to deal with the US deficit.”

http://www.ft.com/cms/s/0/12da6cb4-0131-11e1-b177-00144feabdc0.html 

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