Home » Goldman Poll Finds Insurers With $13 Trillion Expect a U.S. Recession
(Bloomberg) — Insurance executives who oversee more than $13 trillion in assets expect the U.S. to enter a recession in the near future, according to an annual survey conducted by Goldman Sachs Group Inc.
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Of 328 chief investment officers and chief financial officers polled, more than 60% anticipate the world’s largest economy will experience a downturn in the next two to three years. The results indicate “a clear shift in outlook globally,” Goldman said in the report.
In another departure from prior results, 59% of respondents identified inflation as one of the top three macroeconomic risks to investment portfolios, with 28% ranking it No. 1. Meanwhile, 43% listed tightening U.S. monetary policy among their top three, with 20% assigning it to the top slot.
The change in perspective arrives as Federal Reserve officials signal they will take aggressive steps to rein in spiraling costs and wages. The consumer price index hit a 40-year high last month, while…
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