Goldman Sachs: China's reopening economy is gaining momentum, and these 50 stocks are best positioned to benefit from the robust rally
Goldman Sachs recently boosted economic growth estimates for both China and Europe.International stocks, specifically Chinese companies, have trailed their US peers for years — but now they're leaving the US in the dust, and Goldman Sachs believes the trend has staying power.
in late 2022. That led Goldman Sachs to boost its 2023 GDP estimate for the nation from 4.5% to 5.5%, driven by an 8.5% increase in inflation-adjusted consumption. "The Euro area growth outlook has also improved due to the simultaneous tailwinds of faster China growth and a milder-than-feared winter in Europe," Kostin wrote."Our economists estimate that each 1 pp rise in Chinese activity boosts Euro area output by 0.1-0.2%."
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BoC Preview: to slow the pace of hikes to 25bps at this week – Goldman SachsEconomists at Goldman Sachs believe that it’s the final rate hike for the Bank of Canada (BoC) this Wednesday, as the central bank is likely to pause
Read more »
Goldman Sachs says 4 US cities will suffer a 2008 crash in home valuesThe U.S. is seeing continued skyrocketing interest rates and declining housing prices, and Goldman Sachs expects home values in 2023 to reach that of the 2008 housing crisis.
Read more »
Phoenix could see 2008-like plummet in housing prices, Goldman Sachs report saysIs a 2008-like housing plummet headed for the Valley? It could happen, according to a recent Goldman Sachs forecast sent to clients. abc15
Read more »
Goldman Sachs ranks Bitcoin as the best-performing asset of 2023Despite the massive setbacks that the cryptocurrency industry suffered in 2022, including multiple bankruptcies and fraud investigations, the banking giant … Continued
Read more »
USD/JPY: We see less scope for Yen depreciation in the short-term – Goldman SachsAs the USD/JPY pair fades recovery from an eight-month high, analysts at global investment banks like Goldman Sachs unveiled forecasts suggesting limi
Read more »
Goldman Sachs signals partial retreat from consumer bankingNEW YORK (AP) — Goldman Sachs no longer wants to be the bank for everyone. The storied investment bank spent eight years attempting to expand its business beyond corporations and the wealthy.
Read more »