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Blankfein Says U.S. Economy in ‘Tough Position’ Next Few Months

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Goldman Sachs CEO Lloyd Blankfein
Lloyd C. Blankfein, chairman and chief executive officer of Goldman Sachs Group Inc. Photographer: Scott Eells/Bloomberg

June 12 (Bloomberg) -- The U.S. economy will continue to struggle for the next few months as some business owners wait for the national election before making investments, Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein said.

“I think we’re in a tough position for the next three or four or five months,” Blankfein said today in an interview on MSNBC. “There’s a lot of uncertainty.”

Business owners aren’t sure what the results of the U.S. election will be or how it will affect their taxes, he said. A common view is that “it’s going to be very consequential so I think I’ll wait -- I think there’s a lot of that going on,” Blankfein said.

Link to Company News:{GS US <Equity> CN <GO>}

To contact the reporter on this story: Christine Harper in New York at charper@bloomberg.net

To contact the editor responsible for this story: Steve Dickson at sdickson1@bloomberg.net

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