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Coke hit by weak economy

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Coke hit by weak economy

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Not enough fizz was the financial world’s verdict on Coca-Cola’s quarterly revenue.

It came in lower than expected, hurt by declines across all its businesses. The world’s largest soft drink maker said the weak economy will keep consumers under pressure next year. Earlier this month, rival PepsiCo made similar comments after posting disappointing revenue. Coke’s growth in developing markets, like India and China, is helping it weather a slowdown in the United States.