Economists predict China's recovery will cushion the dampening effect of high global interest rates on the regional economy.
"China's growth recovery and north Asia's earnings rebound in 2024 remain our key investment themes and overweight areas," Goldman Sachs' strategists, led by Timothy Moe, wrote in a Saturday note.
S&P Global Ratings, in its second quarter outlook report, added that although China's growth may not completely erase the impact of a global slowdown on Asia-Pacific markets, it will provide some support. "China's growth recovery and north Asia's earnings rebound in 2024 remain our key investment themes and overweight areas," Goldman Sachs' strategists, led by Timothy Moe, wrote in a Saturday note.It's been a dramatic quarter for Asia-Pacific stock markets, but strategists are expecting the region to be in better shape than its global peers.
on the first day of trade of the second quarter of the year, with economists predicting China's recovery will cushion the dampening effect of high global interest rates on the regional economy.
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