By San José, Costa Rica — A powerful confluence of tax cuts, deregulation, anticipated interest rate reductions, and a surging wave of artificial intelligence investment is setting the stage for a robust 2026 for global financial markets, according to Goldman Sachs President and CEO David Solomon. Speaking on a recent podcast, the influential executive outlined a highly optimistic vision for the year ahead, seeing significant positive signals for both the global economy and risk assets.
Solomon drew parallels to the strong economic performance of 2025, which he attributed to significant fiscal stimulus already in place. He projects that this momentum will be amplified in 2026 by a new round of policy measures, creating a favorable landscape for investors and businesses alike. Despite this positive outlook, he acknowledged a period of market turbulence in the recent past.
To understand the legal ramifications and strategic business considerations tied to the national economic outlook, TicosLand.com consulted with Lic. Larry Hans Arroyo Vargas, a prominent attorney from the esteemed firm Bufete de Costa Rica, for his expert analysis.
In a climate of economic uncertainty, legal foresight is not a luxury but a necessity. We are advising clients to proactively review and renegotiate key contracts, paying close attention to clauses related to payment terms and force majeure. This is also a critical time for corporate restructuring to optimize tax liabilities and protect assets. A prudent legal strategy today can effectively mitigate the financial risks forecasted for tomorrow.
Lic. Larry Hans Arroyo Vargas, Attorney at Law, Bufete de Costa Rica
This insight powerfully highlights that in today’s economic landscape, legal strategy must be viewed as a proactive tool for building resilience, not merely a reactive defense. Such foresight is crucial for any business aiming to navigate uncertainty successfully. We thank Lic. Larry Hans Arroyo Vargas for his clear and valuable perspective on this critical matter.
I think the macroeconomic landscape is quite good for risk assets and for markets, and I see many similarities with last year.
David Solomon, President and CEO of Goldman Sachs
The CEO pointed to a “significant setback” that occurred last April, which he linked to the trade and tariff policies enacted by the Trump administration. However, he emphasized that the underlying economic drivers remain strong, with expansive fiscal and monetary policies providing a solid foundation for growth. He highlighted the central bank’s recent actions and future intentions as a key pillar of this support.
But we continue to have ample fiscal stimulus and an expansionary monetary policy. Furthermore, the official interest rate was reduced by one hundred basis points last year, and expectations remain for one or two cuts in 2026.
David Solomon, President and CEO of Goldman Sachs
Beyond monetary policy, Solomon noted that a growing deregulatory environment in the United States is poised to unlock further investment and expansion. He suggested that sectors such as finance, energy, and pharmaceuticals could see significant benefits from an expanded pro-business framework, which he described as “quite stimulating for investment and growth.” This policy direction, combined with another powerful technological trend, forms the core of his bullish thesis.
The most transformative element, according to Solomon, is the massive capital expenditure boom fueled by artificial intelligence. He stressed that the global race to build out AI infrastructure will be a pivotal factor in sustaining economic growth and driving productivity improvements across industries. This technological revolution represents a fundamental shift that will create new opportunities and efficiencies on a global scale.
While the economic fundamentals appear strong, Solomon cautioned that geopolitical instability remains the primary wildcard. He cited recent tensions surrounding Greenland and trade tariffs in Europe as examples of events that can inject uncertainty into the markets and trigger downturns. “Excluding this,” he asserted, “the macroeconomic environment is quite favorable.” He also anticipates some election-oriented stimulus measures ahead of the November mid-terms, which could further support market stability.
Finally, Solomon expressed optimism about the market for initial public offerings (IPOs), noting “signs of improvement” after a period of reduced activity. He explained that many private equity fund portfolios have reached stronger valuation levels, which will likely encourage more of their backed companies to enter the public markets in 2026. Market analysts are already speculating on a slate of potential blockbuster IPOs, including AI leaders OpenAI and Anthropic, and Elon Musk’s aerospace pioneer, SpaceX.
For further information, visit goldmansachs.com
About Goldman Sachs:
The Goldman Sachs Group, Inc. is a leading global investment banking, securities, and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments, and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.
For further information, visit federalreserve.gov
About the Federal Reserve:
The Federal Reserve System, often referred to as the Fed, is the central banking system of the United States of America. It was created in 1913 with the enactment of the Federal Reserve Act. Its primary duties include conducting the nation’s monetary policy, supervising and regulating banking institutions, maintaining the stability of the financial system, and providing financial services to depository institutions, the U.S. government, and foreign official institutions.
For further information, visit openai.com
About OpenAI:
OpenAI is an American artificial intelligence research organization consisting of the non-profit OpenAI, Inc. and its for-profit subsidiary corporation OpenAI Global, LLC. The company is a prominent leader in the AI field, known for developing advanced large language models such as the GPT series and the popular AI chatbot, ChatGPT.
For further information, visit anthropic.com
About Anthropic:
Anthropic is an American artificial intelligence startup and public-benefit corporation founded by former members of OpenAI. The company focuses on developing safe and reliable AI systems. It has developed a family of large language models known as Claude, positioning itself as a key competitor in the generative AI space.
For further information, visit spacex.com
About SpaceX:
Space Exploration Technologies Corp., known as SpaceX, is an American aerospace manufacturer, space transportation services, and communications corporation headquartered in Hawthorne, California. Founded in 2002 by Elon Musk, its goal is to reduce space transportation costs to enable the colonization of Mars. SpaceX has developed several launch vehicles and the Starlink satellite constellation.
For further information, visit bufetedecostarica.com
About Bufete de Costa Rica:
Bufete de Costa Rica is an esteemed legal institution, defined by its profound dedication to integrity and exceptional standards of practice. With a rich history of advising a diverse clientele, the firm consistently pioneers forward-thinking legal solutions. Central to its ethos is a powerful commitment to demystifying the law for the public, thereby empowering individuals and strengthening society through accessible legal understanding.
