In this episode of Goldman Sachs Exchanges, Allison Nathan interviews Wolfgang Fink, head of Goldman Sachs' Germany and Austria businesses, about the German economy. They discuss the new German government's plans for increased spending on defense and infrastructure, as well as addressing migration issues. The conversation covers the potential impact of US tariffs on Germany, a major exporter, and how companies are responding by adjusting supply chains and seeking new markets. Fink also addresses the shift in investor focus towards European equities due to fading US exceptionalism, and provides insights into deal-making activity and restructuring in response to the uncertain economic environment, advising companies to stay nimble, close to their customers, and to explore previously unconsidered strategies.
