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%."
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