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Goldman Sachs Exchanges

Uncharted territory: Navigating a ‘geopolitical recession’

Goldman Sachs Exchanges

Julia McGonagle

Business

4.41K Ratings

🗓️ 3 January 2024

⏱️ 35 minutes

🧾️ Download transcript

Summary

Against a backdrop of tense US-China relations and the ongoing conflicts in the Middle East and Ukraine, Washington and Wall Street are increasingly worried about the same thing: geopolitics. In this episode, Jared Cohen, president of Global Affairs at Goldman Sachs, and Ian Bremmer, president and founder of Eurasia Group and GZERO Media, explore the ways in which geopolitics are affecting the global balance of power, the global credibility gap, and what that means for companies and investors.

Transcript

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0:00.0

Against a backdrop of tense US-China relations and the ongoing conflicts in the Middle East and Ukraine,

0:05.6

Washington and Wall Street are increasingly worried about the same thing,

0:09.2

Geo politics. So what are the implications for companies and investors?

0:13.0

Every single business in every sector in geography finds themselves caught in the crossfire of geopolitics.

0:19.0

That's new.

0:20.0

Unless you were in the energy sector or the tech sector, you were largely a mutant from those

0:24.8

geopolitical dynamics.

0:26.3

I'm Allison Nathan and Jared Cohen, President of Global Affairs at Goldman

0:41.4

Sachs and Ian Bremer,

0:43.1

president and founder of Eurasia Group and G0 Media.

0:46.3

We'll be discussing the ways in which geopolitics

0:48.6

are affecting the global balance of power

0:50.7

and what that means for companies and investors.

0:53.0

Anne and Jared, welcome to the program.

0:55.1

Thank you.

0:56.1

So we're at a moment in time of elevated geopolitical tensions.

0:59.6

U.S. China relations are tense.

1:01.5

We have wars in the Middle East and in Ukraine and Russia. So let's start

1:06.0

with a question for both of you. We've always had geopolitical flare-ups throughout history.

1:11.0

So is this time really different and what makes it different?

1:14.2

Ian what's your view? This time is absolutely different. It's structurally

1:18.8

different. It's what I consider a geopolitical recession.

...

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