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Insurance company executives believe a recession is not imminent in 2019, according to Goldman Sachs Asset Management's (GSAM's) eighth annual global insurance survey, Cautiously Opportunistic.
Just 2% of chief information officers (CIOs), chief executive officers (CEOs), and senior professionals at global insurance companies believe the U.S. economy will enter a recession this year. But only 16% believe the U.S. will avoid a recession in the next three years. Less optimistic are the 41% of surveyed executives who foresee recession in 2020, and another 41% who see a downturn in 2021.
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