View full page at forexfactory.com

 

Goldman Sachs CEO David Solomon sees V-shaped recovery into 2021 before comeback slows

From markets.businessinsider.com

Goldman Sachs CEO David Solomon still sees a V-shaped recovery ahead even as coronavirus cases are increasing throughout the US. It just might not bring the economy back to its pre-pandemic levels as quickly as hoped. Appearing in the Bloomberg Invest Global virtual conference, Solomon said the US is "somewhere in the middle" of its turnaround. Just as economic activity nosedived in the second quarter, the CEO sees reopenings driving a similar turn higher through the end of the year. "This crisis has had a profound impact on the economic environment that we're operating in," he said on Wednesday. "My guess is when ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis