Goldman Sachs: The U.S. Economy's Ability to Recover is Higher than Expectations

Goldman Sachs CEO David Solomon confirmed today, Monday, that the U.S. economy's ability to recover is higher than expected despite the continued rise in inflation. In an interview with CNBC, Solomon predicted that capital market activity, which has been "weak" recently, would recover, stating, "I expect capital market activity to grow as we approach 2024." He added, "People ultimately need capital. They can postpone some of these activities, but in the end, they cannot defer them indefinitely." Despite the recovery in fundraising activities and trading securities, initial public offering volumes in the first quarter were the lowest since 2019.