Goldman Sachs CEO Solomon said Monday that the possibility of a U.S. recession “has increased”, citing factors such as uncertainty in the trade war and uncertainty about how companies plan for the future. Solomon said that entering the second quarter, our operating environment is significantly different from earlier this year, with economic growth being "slowing" and the implementation of Trump's new trade policy "significantly changed the prospects for future global growth." Solomon also pointed out that concerns about significant uncertainty in the near and long term limits customers’ ability to make important decisions, and uncertainty on future paths poses a “significant risk” to the U.S. and global economies.
Goldman Sachs CEO: The possibility of a recession in the United States is "increasing"
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