Goldman Sachs Sees Ghosts of Stagflation, Warns of Tight Times Ahead
Portfolio Pulse from Nabaparna Bhattacharya
Goldman Sachs Group (GS) predicts a mini stagflation scenario with sluggish growth and higher inflation, leading to a stricter environment for capital markets and financing. The bank's president, John Waldron, stated that they are running the firm tighter and being more cautious.
June 08, 2023 | 4:14 pm
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Goldman Sachs (GS) predicts a mini stagflation scenario, causing a stricter environment for capital markets and financing. The bank is running tighter and being more cautious.
Goldman Sachs' prediction of a mini stagflation scenario will likely have a negative impact on its stock price in the short term. The bank's cautious approach and tighter operations indicate concerns about the economic environment, which may affect investor sentiment and lead to a decrease in the stock price.
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