Schwarzman Says US to Avoid Recession Regardless of Election
- Impossible to predict what candidates will do: Blackstone CEO
- Blackstone to launch new products, increase staff in Japan
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Blackstone Inc. Chief Executive Officer Steve Schwarzman said the US is likely to avoid a recession regardless of who wins the presidential election, as both candidates have policy proposals that appeal to growth.
“I don’t see a recession risk because the economy is pretty strong and both of the candidates keep mentioning a lot of stimulative policies,” the billionaire private equity chief said Wednesday in an interview in Tokyo. “But time will tell as to what anybody actually will be able or want to do.”