IOSCO-RPT-Goldman CEO sees long recession

TEL AVIV, June 10 (Reuters) - Goldman Sachs (GS.N) CEO Lloyd Blankfein said on Wednesday he believed a current upturn in world markets was probably not a full recovery from crisis and said he expected a further long recession.

"I think it's going to be a long proctracted recession," he told an international regulators conference in Tel Aviv.

Addressing a current upturn in markets, he said: "There is no reason to think this is it ... So many things have to be sorted out. Why would this be the recovery?

"The chances are it's not." (Tel Aviv newsroom)