In a keynote address at Thomson Reuters' Buyouts East conference on April 4, 2013, Silver Lake Co-Founder Glenn Hutchins said he didn't expect to see the economic recovery pick up more steam, but that he was still bullish on the technology sector. . Laying out his macro-economic outlook for a sluggish growth in U.S. Gross Domestic Product of 2 percent for the next several years, Hutchins said the technology sector offers faster growth. . He pointed out that Apple Inc. launched the iPad during a weak economy, but the product still took off. “You have to take share of consumer dollars,” he said. . Overall, investors should focus on growing parts of the global economy by sector and “take control of them,” he said. . Hutchins, who declined to talk about his firm’s $24 billion bid to buy Dell Inc., said he remains optimistic, but he called on the business community to work to create more jobs. . “The unhappy situation is not 2 percent growth – the unhappy picture is unemployment,” he said. . Hutchins said he focuses on macroeconomic forecasts because, “you can make the best company selection but you can still get killed” if overall business conditions take a dive. . While some may be hoping for the economy to heat up, the current recovery ranks as the “worst…since World War II,” he said. . “This is the economic recovery,” Hutchins said. “This is what you’re going to get. The recovery is already middle aged. It’s time to do some of the things [you] postponed for the future.” . By Steve Gelsi, Buyouts magazine . This story first appeared in Buyouts Magazine. Steve Gelsi is a senior editor at Buyouts Magazine. Any opinions expressed here are entirely his own. Follow him on Twitter @SteveGelsi. Follow Buyouts tweets @Buyouts. . Video date: April 4, 2013
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