Economic Slowdown and Recession Risks

During a recent conference call following Goldman Sachs Group Inc.'s latest earnings report, CEO David Solomon expressed concerns over the increasing likelihood of a recession. He highlighted a growing consensus that global economic activity is expected to slow down, marking a cautious outlook for the near future.

Trump's Trade Policies: A Gradual Approach

Solomon also commented on President Donald Trump's foreign trade policies, particularly his "more gradual" approach to tariffs. This comes after Trump decided to pause the majority of planned duties set to take effect on April 9, delaying them for 90 days to allow for further negotiations. Solomon's remarks underscore the delicate balance between fostering economic growth and navigating the complexities of international trade relations.