Bloomberg News

Blankfein Says Economic Crisis Is ’Severe, Temporary Phenomenon’

June 21, 2012

Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein said he doesn’t expect prolonged economic turmoil.

“The crisis we are going through, while severe, is a temporary phenomenon,” Blankfein said at the St. Petersburg International Economic Forum in Russia’s second-largest city today. “One of the risks now in the world is the rise in protectionism.”

To contact the reporter on this story: Henry Meyer in Moscow at hmeyer4@bloomberg.net

To contact the editor responsible for this story: Paul Abelsky at pabelsky@bloomberg.net


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