The global economy is at "peak momentum" now and in the next quarter — in terms of accelerating quarterly growth, according to Goldman Sachs' Timothy Moe.
That strong growth will likely be a "very constructive backdrop" for earnings, Moe, co-head of Asia macro research and chief Asia-Pacific equity strategist at Goldman, told CNBC on Thursday.
"Overall, we're looking this year at very significant — both U.S. and global — economic growth," he said.
Here's one Asian market that could see a 16% rise due to the "significant lift" for the world economy, according to Goldman Sachs.
"peak" - Google News
April 30, 2021 at 06:00AM
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Goldman Sachs: Stock market could pop 16% as global economy peaks - CNBC
"peak" - Google News
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