Goldman Sachs Group Inc. CEO David Solomon said on Monday, during a conference call that followed the company's latest earnings report, that the prospects of recession "have increased." He went on to say that there are also growing expectations that the global economic activity will slow down.
Talking about United States President Donald Trump's foreign trade policies, Solomon welcomed his "more gradual" approach to tariffs. Trump recently paused the majority of planned duties that were supposed to go into effect on April 9 for 90 days, opening a path for negotiations.
