The global economy has been under pressure, with concerns spanning from geopolitical tensions to interest rates.
As the World Economic Forum continues in Davos, Switzerland, Blackstone Group (BX) CoFounder, Chairman, and CEO Stephen Schwarzman joins Yahoo Finance's Brian Sozzi and Julie Hyman to discuss his global economic outlook. He says US growth presently remains "pretty good," as "really held up by the consumer" tapping excess savings. This spending boost may be extended by potential Federal Reserve interest rate cuts which could "create a better market environment, and will probably.... keep us out of a recession."
When it comes the 2024 election, Schwarzman says he'd "like to see what the public has to say." He argues that under Biden, the "regulatory environment has .. changed in a negative way," accelerating complexity for business operations versus prior years.
Watch the video above to learn where Schwarzman is seeing investing opportunities now.
This interview is part of Yahoo Finance's exclusive coverage from the World Economic Forum in Davos, Switzerland, where our team will speak to top decisionmakers as well as preeminent leaders in business, finance, and politics about the world’s most pressing issues and priorities for the coming year.
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