Markets rallied this year as inflation moderated and job growth remains strong, feeding investors' hope that the economy can stick the elusive soft landing.
David Solomon, Chairman & CEO of Goldman Sachs, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 23rd, 2023.CEO David Solomon said Tuesday that the odds the U.S. economy can avoid a deep recession this year seem to have improved.
While Solomon cautioned that uncertainty is high, in particular because of inflation and growing tensions between China and the U.S., business leaders seemed to be more optimistic than last year, he told investors at a Credit Suisse"I think it's going to be, you know, a twisty, turn-y kind of road to navigate through this and get to the other side, but I think the chance of a softer landing feels better now than it felt six to nine months ago," Solomon said.
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