The U.S. likely will avoid a recession no matter who wins the presidential election, a prominent businessman said.
Blackstone CEO Stephen Schwarzman, who earlier this year endorsed Donald Trump, said neither the former president nor Vice President Kamala Harris will face a recession.
“I don’t see a recession risk because the economy is pretty strong and both of the candidates keep mentioning a lot of stimulative policies,” Schwarzman told Bloomberg on Wednesday in Tokyo. “But time will tell as to what anybody actually will be able or want to do.”
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