Goldman Sachs CEO Gives The U.S. A 35% Chance Of Avoiding Recession Next Year

More stories for you

IWG Sets Sights on India as Its Third-Biggest Coworking Hub

3 days ago

Sweden’s Coworking Market Set To Double In Five Years

4 days ago

IRS Has Lost One Third of Its Auditors As DOGE Cuts Threaten Tax Revenue

5 days ago

Tariffs Trigger Collapse In Corporate M&A As Deal Activity Hits 20-Year Low

5 days ago

A recession is near according to Goldman Sachs’ CEO David Solomon. 

According to the banking company’s leader, there is a two-out-of-three chance that the U.S. enters a recession next year, particularly if the stock market continues to fall. 

Advertisements

Solomon gave a mere 35% possibility of a “soft landing,” where inflation cools and keeps the economy from entering a full-throttle recession. 

“I would define a soft landing as we get inflation back close to 4% inflation, maybe we have a 5% terminal rate and we have 1% growth,” Solomon said at the Wall Street Journal’s CEO Council Summit. “I think there’s a reasonable possibility we could navigate a scenario like that.” 

Economists have forecasted a less-drastic scenario, where the economy breaks even and experiences a downturn rather than an actual recession. 

Advertisements

Advertisements