Blackstone CEO Stephen Schwarzman: The U.S. will avoid a recession no matter who is elected president

Blackstone Group Chairman and CEO Stephen Schwarzman said in an interview in Tokyo on Wednesday that the United States will likely avoid a recession no matter who wins the presidential election because both candidates have policy proposals that attract economic growth. Schwarzman said he believes the environment for trading and exiting investments is improving as U.S. interest rates are likely to continue to fall. "It's really a question of interest rates and economic growth," he said. "Interest rates will continue to fall, which will provide momentum for more buy and sell transactions." Schwarzman said transactions in Japan, India and Australia are likely to remain active. He added that although Europe's economic growth may be the lowest among developed countries, it may still bring opportunities. (Jinshi)