'The current government has been good for the business community, and for economic confidence,' CEO Stephen Schwarzman told Financial News.
Blackstone's billionaire boss said the risk of a US recession has fallen, fears of a downturn are"overblown," and the American economy will be"fine," according to Financial News. "The consumer economy in the US is doing extremely well," CEO Stephen Schwarzman told the news outlet."We have the equivalent of full employment. We have very limited immigration and so the labor market is getting quite tight and wages are going up.
Blackstone's billionaire boss said the risk of a US recession has fallen, fears of a downturn are"overblown," and the American economy will be"fine," according to Financial News. "The consumer economy in the US is doing extremely well," CEO Stephen Schwarzman told the news outlet."We have the equivalent of full employment. We have very limited immigration and so the labor market is getting quite tight and wages are going up.
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