CEOs Maurice Lévy (Publicis Groupe) and Sir Martin Sorrell (WPP) recently spoke with reporters about the state of their businesses and the industry.
“Europe is slowing down a little bit, the US is strengthening a little bit, and fast-growing markets,” like Brazil, are growing by leaps and bounds, he said. He adds that he’s heard predictions for growth in Brazil by as much as 20 percent. But he would be happy with 15 percent. Levy’s video is quite long – about 20 minutes – but it’s broken into segments.
Sorrell, talking with Bloomberg, touted the strength of WPP right now, saying that “Q3 on its own, is back to where we were in 2008,” However, he says, the number of people at the firm is less, as is the case at other firms.
“We’re doing the same volumes in Q3 as Q3 2008 with fewer people,” he said.