Blackstone CEO says US to avoid recession regardless of election
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Steve Schwarzman, CEO of Blackstone, stated that the US is likely to avoid a recession irrespective of the presidential election outcome, citing strong economic conditions and stimulative policies from both candidates. He mentioned that the election, occurring in two weeks, is crucial for global markets. Schwarzman, who supports Donald Trump, noted that both candidates' policies could significantly impact businesses like Blackstone. He anticipates a favorable environment for deal-making as interest rates are expected to decline. Blackstone plans to introduce new investment products in Japan, where it has raised $1.4 billion from individual investors this year, and expects to invest $20 billion in Japan over the next three years.
#Blackstone #SteveSchwarzman #UsEconomy #Recession #PresidentialElection #Investment #Japan #DonaldTrump #KamalaHarris #PrivateEquity
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