Goldman Sachs CEO Warns of Increased U.S. Recession Risk Amid Trade Uncertainty

According to BlockBeats, Goldman Sachs CEO David Solomon has expressed concerns about the rising likelihood of a U.S. economic recession. He attributed this increase to uncertainties surrounding trade wars and the challenges businesses face in planning for the future. Solomon noted that as the second quarter begins, the business environment has changed significantly compared to earlier this year, with economic growth showing signs of slowing. He emphasized that the implementation of U.S. President Donald Trump's new trade policies has dramatically altered the prospects for global growth. Furthermore, Solomon highlighted that worries about significant uncertainties in both the short and long term are hindering clients' ability to make crucial decisions. He warned that the unpredictability of the future path poses substantial risks to both the U.S. and global economies.