Lloyd Blankfein: Economy looks "awfully good"

The economy is in good shape now and appears to have some staying power, Goldman Sachs CEO Lloyd Blankfein told.

"The world economy is in very good shape and seems to have some strength to push investors to buy," said Lloyd Blankfein, Goldman Sachs CEO.

Despite worries that the 9-year bull market has ended, Blankfein said there are a number of reasons why he is optimistic.

"If you take a look at all that is spoken on TV and look at the dry figures, you will find that things look awfully good with the potential to improve."

Blankfein noted that inflation remains low, leading to low interest rates and commodity prices, which in turn creates growth.

As for the obstacles to the global economy, Goldman CEO believes he is not expecting a complete trade war between the US and China.

Let's not lie, Trump is a 100 percent businessman who has proven himself in the years. You do not think he will break so much interest in his attempt to create a trade war. The whole noise will end very quickly, it is only a short time for the two sides to create the right agreement.

Source: Bloomberg Pro Terminal

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