Sydney: Financial markets may take 2-3 weeks to process the news of the Iran-Iran conflict. The CEO of Goldman Sachs, the American multinational investment bank, expressed surprise at the lukewarm reaction of financial markets to the conflict in the Middle East, and predicted that investors may need two to three weeks to carefully analyze the impact of a potential war with Iran.

According to Thai News Agency, Goldman Sachs CEO David Solomon, speaking at a business forum in Sydney, Australia, said he was surprised by the relatively mild reaction of the financial markets given the severity of the situation. He noted that markets typically react quietly to geopolitical events until their impact on economic growth becomes apparent. The current situation is difficult to predict because many things remain unknown. Therefore, he believes it will take two to three weeks for the markets to truly absorb both the short-term and long-term effects.

In recent days, global oil prices have risen, contrasting with the global stock market indices that have plummeted, while the US dollar has strengthened as investors sell risky assets for safe haven assets. However, the decline on Wall Street was not as significant. Mr. Solomon explained that several factors are supporting the continued strength of the US economy, including an accommodative financial cycle and relaxed regulations. He believes there is a reasonable possibility that the US economy will remain strong this year and that inflation will be higher than most analysts predict.

The CEO of Goldman Sachs stated that artificial intelligence (AI) will cause a short-term disruption to the labor market, particularly office jobs, but it will not create a long-term employment gap. He emphasized that the important thing is not whether the number of workers increases or decreases, but whether workers become more efficient.