Goldman Sachs CEO: If the economic growth is sluggish, the United States may face a debt "reckoning".
Goldman Sachs CEO Solomon stated that if the US economic growth does not improve soon, the current rising level of debt could lead to an "adjustment" in the economy. "If we continue along the current path and growth levels cannot increase, there will be an adjustment," Solomon said at an event hosted by the Washington Economic Club on Thursday. "The way out of the dilemma is through economic growth." He believes that the probability of the US economy entering a recession in the short term is "low."
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