projections

Asia would benefit from strength in China, Goldman Sachs revised forecast

August 10, 2009 - 8:06am | Analytics | News
Asia would benefit from strength in China, Goldman Sachs revised forecast

Goldman Sachs chief economist for non-Japan Asia, Michael Buchanan said on Monday that the bank revised its projections for gross domestic product growth in Asia ex-Japan, which were already above consensus, to 5.6 % from 4.9 % this year and to 8.6 % from 7.8 % in 2010. 

Goldman said Asia would benefit from strength in China, which it now expects to grow 9.4 % this year and 11.9 % in 2010.


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