The global economy has shown impressive resilience over the past year, but questions about economic policy and technological innovation are becoming increasingly urgent.

So where are the risks and the opportunities in this environment? I'm Alison Nathan and this is Goldman Sachs exchanges.

Today I'm again sitting down with a very special guest, David Solomon, the chairman and CEO of Goldman Sachs.

We'll talk about his views on economic growth and markets, the firm's strategic priorities,

and what he's most focused on in the year ahead.

David, welcome back to the program.

Thank you.

Glad to be here with you.

So, David, we have had this annual conversation for several years running now, but I must

say this seems like a

particularly interesting time to be the CEO of Goldman Sachs. There are what looks to be a lot of

tailwinds to the economy and markets and substantial optimism, of course, with the new Trump

administration coming in. And there seems to be a lot of optimism that he's going to usher in

a friendlier environment

for businesses, but the unknowns also seem unusually large. So let me first ask how you would

characterize this business environment. Well, I think you did a pretty good job characterizing

this business environment. It's going to be more constructive than it has been the last few years,

particularly on the regulatory

front, but there are a range of significant policy areas where this administration is ushering

in change. And whenever you have change, that creates uncertainty. And so until we have a clear

view of the policy trajectory, I think that it's a moment to take stock of where we are.

It's great that there are clearly some tailwinds. There's obviously a lot of optimism. But at the

...