Wall Street Bankers See Darker Economic Outlook, Political Risks
- Goldman’s Solomon expects interest rates to continue to rise
- Wall Street’s top brass are attending Saudi Arabian conference
David Solomon
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
Top Wall Street bankers offered up a litany of warnings that recession in the US and Europe is increasingly likely with geopolitical risks further darkening the horizon into 2023.
Economic conditions are going to “tighten meaningfully from here,” Goldman Sachs Group Inc. Chief Executive Officer David Solomon said at Saudi Arabia’s Future Investment Initiative conference in Riyadh.