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Goldman Sachs CEO and Jeff Bezos predict recession in 2023


In a recent CNBC interview the CEO of Goldman Sachs David Solomon clearly mentioned the possibility of US and Global recession expected in 2023. Jeff Bezos, the founder and executive chairman of Amazon, retweeted CNBC's clip of  Solomon interview with the message, " Yep, the probabilities in this economy tell you to batten down the hatches." A warming to prepare for a crisis.

Solomon said, "I think it's time to be cautious and I think if you are running a risk based business, it's time to think more  cautiously about your risk box, your risk appetite. I think you have to expect that there is more volatility on the horizon."

But he also added, "Now, that doesn't mean for sure that we have a really difficult economic scenario. But in the distribution of outcomes there is a good chance we could have a recession in the United States."

Solomon also mentioned that most of the economists are predicting slow to no growth in US and negative growth in other developed economies across Europe. Finally, he warned that we need to be cautious in 2023.

इस कहानी को हिंदी में पढ़ें

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