Goldman poll finds insurers with $13 trillion expect a US recession

Goldman poll finds insurers with $13 trillion expect a US recession

Bloomberg: Insurance executives who oversee more than $13 trillion in assets expect the US to enter a recession in the near future, according to an annual survey conducted by Goldman Sachs Group Inc.

Of 328 chief investment officers and chief financial officers polled, more than 60% anticipate the world’s largest economy will experience a downturn in the next two to three years. The results indicate “a clear shift in outlook globally,” Goldman said in the report.

In another departure from prior results, 59% of respondents identified inflation as one of the top three macroeconomic risks to investment portfolios, with 28% ranking it No. 1. Meanwhile, 43% listed tightening US monetary policy among their top three, with 20% assigning it to the top slot.