Trump’s deregulation ‘constructive for growth’: Goldman Sachs CEO
Published On Jan 19, 2025, 9:00 AM
Goldman Sachs CEO David Solomon has expressed optimism about potential economic growth under a future administration led by Donald Trump, particularly due to anticipated deregulation. He noted that the previous government's regulations had previously constrained investment. Solomon believes that the regulatory environment is shifting back towards a more business-friendly stance, which could stimulate growth and investment. Goldman Sachs' economists have projected a U.S. economic growth rate of about 2.5% for 2025, attributed to tax cuts and regulatory easing, despite some concerns over the impact of tariffs and immigration policies.
Stock Forecasts
XLF
Positive
The expected deregulation and tax cuts may lead to increased business investments and consumer spending, promoting overall economic growth. Stocks that may benefit from such conditions include those in the financial sector and consumer goods.
DIA
Negative
Higher tariffs proposed by the administration could negatively impact trade-dependent sectors, leading to potential declines in related stocks. Companies heavily reliant on imports may struggle.
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