Goldman Sees 20% Stock Rise for 2011
Tuesday, December 21st, 2010 | Comments Off on Goldman Sees 20% Stock Rise for 2011
Goldman Sachs economist Jim O’Neill recently forecast we might see a 20% rise in US stock prices in 2011 because of improving growth, falling unemployment and higher national consumer confidence.
He currently forecasts a growth rate for the US economy of 3.4% in 2011 and 3.8% in 2012.
O’Neill first coined the phrase “BRICs” for investments in Brazil, Russia, India and China. For 2011, he has added Mexico, Indonesia, Korea and Turkey to his list of “growth economies.” The term MIKT represents the new BRICs.
