According to Odaily, Blackstone Group Chairman and CEO Stephen Schwarzman stated in an interview in Tokyo on Wednesday that the United States is likely to avoid an economic recession regardless of the outcome of the presidential election. Schwarzman emphasized that both candidates have policies aimed at stimulating economic growth.
Schwarzman noted that with U.S. interest rates potentially continuing to decline, the environment for transactions and investment exits is improving. He remarked, 'It is essentially a matter of interest rates and economic growth. Interest rates will continue to fall, which will drive more buying and selling transactions.'
He also mentioned that transactions in Japan, India, and Australia are expected to remain active. Despite Europe's economic growth being potentially the lowest among developed countries, Schwarzman believes this could still present opportunities.
JinseFinance