Goldman Sachs forecast pegs global economic growth at 3.6 percent in '13
The Straits Times/Asia News NetworkSINGAPORE -- The global economy should grow by 3.6 percent next year, according to Goldman Sachs Asset Management.
December 29, 2012, 12:05 am TWN
Its forecast is a tad above the consensus market tip of 3.5 percent and is based on a more upbeat view of the developed world, primarily the United States, and India and Russia. It is also more bullish on growth prospects in Mexico and Turkey.
Chairman Jim O'Neill noted: “We would be further above consensus were it not for our view on China's growth, where we remain relatively cautious on the cyclical rebound.”
Goldman's 3.6 percent forecast for next year is in line with the revised prediction of the International Monetary Fund (IMF).