by Baptiste Lambert
published on Tuesday November 14, 2023 to 10:00 •
4 min read
After about fifteen years, the post-banking crisis era (around 2008) is finally coming to an end, the strategists at Goldman Sachs think. This period was characterized by low inflation, slow growth, zero interest rates and negative real returns.
Why is this important?The period of ‘free money’ has led to the situation of recent years, in which inflation has risen sharply. Central banks are now trying to keep this under control with higher interest rates. The question is how governments will deal with this new reality.
In the news: Goldman Sachs, with David Solomon as CEO, has set its forecasts for the coming year and they are quite optimistic for the United States.
- The inflation would be expected to continue to decline, the risk of a recession would not be very high and financial market conditions will improve.
- The bank estimates the chance of one recession in the United States next year at just 15 percent.
- When it comes to inflation, Goldman Sachs recognizes that
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Tags: Goldman Sachs predicts return pre2008 economy good Europe