Latest Interviews
Showing 121–131 of 131 interview transcripts.
Clear all filters- Goldman Sachs25 min
How the Russia-Ukraine Crisis is Reshaping the Global Energy Landscape
Samantha Dart, Alberto Gandolfi, Michele Della Vigna, Alison Nathan
Amidst acute supply vulnerabilities where Russia provides 40% of Europe's natural gas and oil, European markets face soaring prices that are forcing industrial curtailment while Western divestment sustains price volatility. In response, the EU is accelerating the "Repower EU" strategy to cut Russian gas imports by two-thirds this year and compress renewable project approvals, simultaneously delaying coal retirements and expanding LNG infrastructure to ensure energy security. These structural shifts, supported by a 60% forecasted rise in global energy investment, aim to rebalance ESG frameworks toward immediate affordability while transitioning to green hydrogen and renewables by 2030.
- Goldman Sachs16 min
How Policymakers are Navigating Stagflation Risk
Eric Rosengren, Philipp Hildebrand, Jan Hatzius, Alison Nathan
Economists Eric Rosengren and Philip Hildebrand warn that the U.S. and Euro Area face heightened stagflation risks driven by multi-decade inflation levels and supply shocks from the Russia-Ukraine conflict. While the Federal Reserve is criticized for being behind the curve in raising rates, strategies involving balance sheet recalibration are debated to avoid a policy-induced recession predicted by Goldman Sachs analysts. Policymakers remain compelled to continue tightening to anchor inflation expectations, even as forecasts suggest a shallow normalization cycle and a growth slowdown to approximately 2%.
- Goldman Sachs22 min
The Next Tech Battleground: Online Gaming & the Metaverse
Jung Min, Alison Nathan, Zhang Min
The global gaming industry has matured into a $200 billion sector driven by live operations and recurring revenue, prompting a wave of strategic mergers and acquisitions to diversify portfolios and secure market dominance. Major technology leaders like Microsoft and Tencent are now allocating significant capital to gaming as a foundational pathway for the metaverse and Web 3.0, viewing the sector as a critical incubator for future digital infrastructure. This ongoing platform shift, which mirrors the transition from desktop to mobile, is projected to create new monetization models and drive substantial global economic growth over the next decade.
- Goldman Sachs25 min
What the Fed’s Hawkish Pivot Means for Economic Growth and Markets
David Mericle, Brian Friedman, Alison Nathan
Goldman Sachs has revised its 2022 Federal Reserve interest rate hike forecast to seven increases driven by wage growth incompatible with inflation targets, projecting balance sheet reductions to begin in June. While financial conditions remain tighter with record credit outflows and equity exposure hitting yearly lows, the firm attributes greater recessionary risk to the fading of pandemic-era fiscal stimulus than to monetary policy. Consequently, the research recommends a long-equity, short-credit strategy and identifies emerging market currencies as attractive assets amid a global divergence where developing central banks have largely finished tightening.
- Goldman Sachs30 min
Investing in Climate Change 2.0
Mark Carney, Chris James, Alison Nathan, Evie Hambro, Caspar Lorenzen, Jeff Curry
Leading financial institutions and investors, including Mark Carney, Engine No. 1, and BlackRock, are deploying a strategy of active engagement to steer $130 trillion in assets toward a net-zero future, effectively challenging high-emitting industries like ExxonMobil through proxy campaigns and portfolio adjustments. This approach asserts that climate action aligns with fiduciary duty by mitigating long-term risks and capitalizing on market shifts, while experts like Goldman Sachs' Jeff Curry emphasize that private sector efforts alone are insufficient without government-mandated carbon pricing and standardized disclosure frameworks. Ultimately, achieving the required $4 trillion annual climate investment by 2050 depends on a hybrid model where voluntary decarbonization plans are reinforced by binding public policies to ensure efficient capital allocation and affordable energy transitions.
- Goldman Sachs33 min
What’s Ahead for Global Economies and Markets in 2022?
Jan Hatzius, Dominic Wilson, Alison Nathan
Goldman Sachs projects global growth to reach 4.5% in 2022 as post-pandemic reopening boosts fade, yet maintains optimism driven by household savings and continued vaccine efficacy. The outlook features regional divergence with advanced economies outperforming emerging markets like China, which faces deceleration due to property sector weaknesses, while inflation forecasts are revised upward for the US and UK amid potential wage-driven pressures. Consequently, monetary policy is expected to shift from tapering to rate hikes starting mid-2022, creating a volatile market environment where rising real yields could test equity valuations and elevate bond yields across major economies.
- Goldman Sachs22 min
Accelerating Transition
John Goldstein, Kara Mangone, Alison Nathan
At the November 10, 2021 discussion, Goldman Sachs executives John Goldstein and Cara Mangone outlined the firm's $750 billion strategic commitment by 2030 to bridge the critical policy gap between private sector action and public sector mandates. To address the $3 trillion to $5 trillion annual capital shortfall and data complexity hurdles, the bank established a Sustainable Finance Group that integrates client decarbonization diagnostics with operational tools for green bonds and renewable power hedging. The event concluded by emphasizing a transition from pilot programs to scalable solutions, including new partnerships like the Asian Development Bank grant and the development of the Open Source Climate initiative.
- Goldman Sachs21 min
Outlook for Global Growth: Less Synchronized, More Complicated
Federal Reserve Chair Jerome Powell signaled a November 2021 announcement for asset purchase tapering while Goldman Sachs lowered its 2021 U.S. GDP growth forecast to 6% amid rising virus cases and global supply chain disruptions. Despite revising core PCE inflation expectations upward to 3.75% for the current year, the central bank anticipates the spike will remain temporary and defer rate hikes until potentially mid-2023. This cautious stance aims to balance the risk of new viral variants and the expiration of unemployment benefits, which together are expected to drive approximately 1.5 million additional jobs by late 2021.
- Goldman Sachs27 min
How Are Investors Navigating China’s Regulatory Uncertainty?
Stephanie Hui, Basak Yavuz, Prakriti Sofat, Alison Nathan
Amidst rapid regulatory shifts in China's ed-tech, cybersecurity, and antitrust sectors, Goldman Sachs advocates a neutral to overweight stance on Chinese equities while targeting decarbonization and self-sufficiency themes. Private market investors are reorienting capital toward sustainable business models and ESG-aligned "S" factors, viewing recent valuation corrections as a strategic opportunity rather than a fundamental departure. Although volatility has pressured specific property and technology segments, the broader consensus points to a structural realignment favoring companies demonstrating societal benefit and long-term resilience.
- Goldman Sachs23 min
M&A Outlook: How Companies Are Positioning For Growth
Mark Sorrell, Stephan Feldgoise, Alison Nathan
M&A activity has surged to early 2021 levels driven by a strategic shift toward "big, bold" transactions as companies prioritize offensive growth and defensive supply chain diversification amid record private equity capital. The market is characterized by a high volume of deals between $500 million and $10 billion, with increasing participation from sovereign funds and a notable resurgence in activist investing focused on ESG and corporate restructuring. Despite muted cross-border activity due to travel constraints, the consensus among practitioners, including Goldman Sachs, points to sustained momentum in the second half of 2021 fueled by abundant deployable capital and adaptive deal execution.
- Goldman Sachs18 min
Copper is the New Oil
Goldman Sachs identifies copper as the "new oil" essential for global net-zero targets, projecting that green economy adoption will drive demand to nearly 6 million tons by 2030 while creating a structural deficit of over 8 million tons. Despite price forecasts reaching $15,000 per ton by 2025, major mining producers remain hesitant to initiate new greenfield projects due to prolonged permitting, high costs, and a conservative post-2010 balance sheet strategy. Consequently, the market faces an irreversible supply crunch in the mid-2020s that will likely decouple copper prices from traditional Chinese cycles and trigger a sustained multi-year bull market.