Goldman Sachs CEO: Mergers and acquisitions activity will accelerate this year despite disruptions from the war.
Goldman Sachs Group CEO, David Solomon, said on Friday that despite the disruption caused by the US-Iran conflict, he expects merger and acquisition activity to continue to increase this year. In his annual letter to shareholders, Solomon stated, "While it is difficult to predict the overall economic impact of potential US military action against Iran, we still believe that the operating environment could become more constructive." Goldman Sachs believes that loose monetary policies in developed economies, fiscal stimulus, capital investment in artificial intelligence technology, and a more balanced regulatory system in the US will drive this year's merger and acquisition activity. Solomon also stated that CEOs and boards of directors are now more confident and proactive in executing strategic transactions. "We expect this upward trend to continue, but a prolonged war or other external event could of course change the current market sentiment," Solomon said.
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