'Probably a 30% chance of recession as you look forward to the next 12 to 24 months,' said Goldman Sachs CEO David Solomon, talking about the current state of the U.S economy during a couple of recent interviews.
That was Goldman Sachs Group Inc. CEO David Solomon talking about the current state of the U.S economy during a couple of recent interviews.
“You have to think about the fact that there’s a reasonable chance at some point that we have a recession or we have, you know, very, very slow, sluggish growth,” Solomon said. Solomon also noted that the recent “tightening” of economic conditions has been predictable based on inflation data and the interest rate hikes by the Federal Reserve.This comes after Federal Reserve Chairman Jerome Powell said he is determined to create a “softish landing” for the U.S. economy.
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