Goldman Sachs' president and chief operating officer has warned of unprecedented shocks to the economy and tougher times ahead. recession inflation
Goldman Sachs President Warns of 'Unprecedented' Economic Shocks and Tougher Times Ahead
Commenting on current economic conditions, he said: “This is among — if not the most — complex, dynamic environment I’ve ever seen in my career.” The top Goldman Sachs executive elaborated: Noting that he will refrain from “using any weather analogies,” the Goldman Sachs president shared his concerns that risks from inflation, changing monetary policy, and the Russia-Ukraine war could hurt the global economy.We expect there’s going to be tougher economic times ahead. No question we are seeing a tougher capital-markets environment.
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