Goldman Sachs CEO Solomon Says US Recession Odds Are Low

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00:00We haven't had a recession for quite a while.

00:02Are you worried about any potential recession coming,

00:06or do you think the economy is in pretty good shape?

00:08Well, I think the economy is in pretty good shape at the moment,

00:11and I think when you look at kind of the give-gets,

00:14you know, in terms of tailwinds and headwinds,

00:17there are more tailwinds at the moment.

00:19I mean, I go back, we're still running a pretty aggressive fiscal play.

00:24The AI infrastructure investment boom,

00:26you've got six or seven large companies that are going to spend

00:29$350 billion, you know, this year on AI infrastructure.

00:33That has an effect on growth.

00:35We also, after a period of kind of heavier regulatory oversight of business broadly,

00:42there's now a pretty clear, by this administration,

00:45a pretty clear systematic look at regulation

00:48and, you know, more of a view toward what regulation is really necessary

00:52and works as effective, and that's, you know, that's a tailwind for growth.

00:56And so you also have, as AI gets embedded into the enterprise,

01:01you have real productivity gains.

01:02So we've got a big, diverse economy.

01:04It's in pretty good shape at the moment.

01:07There are things we can't see that could set it off,

01:09but I think the chance of a recession in the near term is low.

01:12But that's one of the things about sentiment shifts and changes and surprises.

01:17You generally don't see them until they're right in front of you.