“We don’t think recessions are likely across the US, Europe or most other major economies,” says Peter Oppenheimer, chief global equity strategist at Goldman Sachs Group Inc. He sees earnings this season as “rather pedestrian” and gives his outlook for the tech sector. He speaks on Bloomberg Television.
——–
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more:
Connect with us on…
Twitter:
Facebook:
Instagram: …(read more)

BREAKING: Recession News

LEARN MORE ABOUT: Bank Failures

REVEALED: Best Investment During Inflation

HOW TO INVEST IN GOLD: Gold IRA Investing

Oppenheimer: All Major Economies Will Avoid Recession

In the face of uncertain times and economic turbulence brought on by the global pandemic, investors and analysts have been eagerly waiting for signals of how major economies will weather the storm. Oppenheimer, one of the leading global investment banks, has recently released a report stating that all major economies are expected to avoid recessionary periods, providing a glimmer of hope for the global economy.

The report from Oppenheimer comes as a relief, as many feared that the severe disruptions caused by the COVID-19 pandemic could push the world into a prolonged recession. However, the bank’s research suggests that while growth may be slow, economies will nonetheless stay afloat and avoid negative GDP growth.

One of the primary reasons behind Oppenheimer’s optimistic outlook is the unprecedented fiscal and monetary stimulus packages implemented by governments and central banks worldwide. These initiatives have provided a much-needed lifeline to struggling businesses and individuals, preventing a complete collapse of economic activity. The infusion of capital not only ensures the continuity of operations but also supports consumer spending, which is crucial for economic growth.

Furthermore, Oppenheimer’s report highlights the success of vaccination campaigns as a key factor in avoiding recession. As countries manage to vaccinate a significant portion of their population, the report predicts a decline in the number of COVID-19 cases, leading to a gradual reopening of businesses and a revival of various sectors.

The report also emphasizes the adaptability and resilience of businesses during these uncertain times. With the shift towards remote work, online retail, and digital services, companies have managed to survive and even thrive despite the challenging conditions. The ability to innovate and adapt to changing consumer behavior has been a driving force behind the steady recovery seen in many sectors.

It is important to note that while Oppenheimer predicts an overall avoidance of recession, growth rates may not be as robust as before the pandemic. Economies will likely experience a slow recovery, with some sectors needing more time to bounce back fully. However, the fact that recession will be evaded altogether is a positive development in itself.

Nevertheless, Oppenheimer’s report does come with a word of caution. The risk of unexpected setbacks, such as the emergence of new COVID-19 variants or delayed vaccine distribution, could still derail the momentum of economic recovery. Additionally, geopolitical tensions or unforeseen global events could also have a significant impact on the stability of major economies.

In conclusion, Oppenheimer’s report brings a breath of fresh air to the global economy. Its analysis suggests that all major economies will avoid entering recessionary territory, giving hope that a full-scale economic catastrophe will be averted. However, this feat will not come without challenges. Governments and policymakers need to continue supporting businesses and individuals to ensure a sustained recovery. With the right measures in place, the world can look forward to a gradual but steady return to economic stability and prosperity.