No “significant signs of an immediate change” in the world economy yet

 CEO of the world’s second largest retailer chain Carrefour, Lars Olofsson, stated that there are not yet any significant signs of economic recovery across the globe.

"I don't see any significant signs of an immediate change. The only part of the world where they are still dancing the samba is Latin America," Olofsson said.

Despite the challenge posed today by the speciality stores Olofsson said he sees great opportunities for hypermarket system saying that "in France we have about one million people per day flowing through our hypermarkets. People still have an interest in them."

Olofsson said price promotions were paying off and, in Western Europe, consumers were buying more Carrefour-branded goods.