Investing.com | Editor Ambhini Aishwarya
Published Nov 13, 2023 12:07AM ET
Goldman Sachs Group Inc (NYSE:GS).’s CEO, David Solomon, offered an optimistic outlook on the US economy, noting a significant reduction in recession risk compared to last year. In a recent interview with the Hong Kong Economic Journal, Solomon highlighted that Goldman Sachs economists now estimate the risk of a US recession at 15%, a sharp decrease from a Bloomberg consensus of 60%. This revision made in September was based on factors such as easing inflation and a resilient labor market.
Just last week, during a financial summit in Hong Kong, Solomon shared his expectations for an increase in capital markets activities starting next year. He acknowledged the potential challenges posed by substantial interest rate changes and…
