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Goldman Sachs Exchanges

Goldman Sachs Chairman and CEO David Solomon on the global economy, the deal-making environment, and the firm’s strategic priorities

Goldman Sachs Exchanges

Julia McGonagle

Business

4.41K Ratings

🗓️ 23 January 2024

⏱️ 20 minutes

🧾️ Download transcript

Summary

Goldman Sachs Chairman and CEO David Solomon shares his view on the global economy, what’s top of mind for business leaders, and why he believes inflation still has the potential to be “stickier” than the market expects.

Transcript

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0:00.0

While the growth outlook looks to be relatively benign, the global economy is still grappling with two brutal conflicts, high borrowing costs, and stubbornly high inflation.

0:08.8

So what are business leaders most focused on in 2024?

0:12.0

I think we're in a moment in time where the world is

0:14.4

a little bit more fragile and that's a headwind to growth. Combined impact is

0:18.4

bringing another factor into economic growth that CEOs and business leaders

0:22.8

around the world are spending more time trying

0:24.6

to understand because it affects strategic decisions,

0:26.8

capital investment, supply chains, and other things that are

0:30.0

certainly important to the execution of their business.

0:32.3

I'm Allison Nathan and this is Goldman Sachs exchanges.

0:35.2

Today I'm again sitting down with a very special guest David Solomon, the CEO and Chairman of Goldman Sachs.

0:49.0

We'll talk about his views on economic growth in the markets, rising geopolitical tensions, the firm's

0:54.4

strategic priorities and what he's most focused on in the year ahead.

0:57.9

David, welcome back to the program.

0:59.1

Thank you, Allison.

0:59.9

It's good to be with you.

1:00.7

Happy New Year.

1:01.3

Happy New Year. David, the last time we spoke which was around this time last year the market and

1:07.2

investors seemed fairly convinced that the US economy was heading into a

1:11.2

recession and you seemed fairly concerned about that, but we've so

1:15.2

far avoided one.

1:16.5

So my first question to you as we kick off 2024 is, have we actually achieved a soft landing?

...

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