Goldman Sachs CEO David Solomon stated that asset management and wealth management will be the growth driver of the bank. Solomon said, “The actual story of opportunity for growth for us in the coming years is around asset management and wealth management. Goldman was already the fifth-biggest active asset manager in the world. There is genuine…
The International Monetary Fund (IMF) revised its global growth forecast for the 2023 and 2024. According to its latest update economy will grow at 2.9% in 2023 and at 3.1% in 2024. The global economy grew at 3.4% in 2022. The director of the research department at the IMF Pierre-Olivier Gourinchas said, “Growth will remain…
The two largest economies in South America are Argentina and Brazil are discussing about creation of a common currency, as a coordinated effort to reduce dependency on the U.S. dollar. The analysts are dismissing the proposal due to discrepancies between the economies of the two nations and because of rapid political shifts in the region. Brazilian…
Major economies in the world are coming up with plans to shift from fossil fuels to green hydrogen using low or zero-carbon technologies. Technological innovation, huge money, and tremendous political will are essential to make this shift and it is essential to reduce the greenhouse gas emissions. The blending of green hydrogen and natural gas…
