{"id":359,"date":"2026-01-11T09:08:00","date_gmt":"2026-01-11T08:08:00","guid":{"rendered":"https:\/\/stocks-future.com\/?p=359"},"modified":"2026-01-12T09:41:17","modified_gmt":"2026-01-12T08:41:17","slug":"the-2026-outlook-for-global-stocks","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=359","title":{"rendered":"The 2026 Outlook for Global Stocks"},"content":{"rendered":"\n<p>BY GOLDMAN SACHS<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>The key <a href=\"https:\/\/clicks.newsletter.mail.gs.com\/ls\/click?upn=u001.o42bWkJ9Wa3U2i4KUQa27grjrLjMzQMcWfPO76LXsYJlOY0b9PjnuzJ1JeYmDpMyFU2CRyc-2BGmVu32LqMHQbhwWRFXu9dlgYHukZT1XVGpicscEsAtJOPHXA4Vkvg6pHwJ3ACEs3a3EvE-2FtL1CyzfwxKHycGqWdUSSaZCW1hMIHfnRClRdelBb5AwWryMLm97SYp_GfJq9AG5m9Ibcv6EBXg4KtZ-2FUguDYshhw0Rgsopqx5YxYTPy4NI-2BsbXROLD-2F8q3RUyd-2BSAoHZDZ5Nkw9qqGNWLg2nrknvVvYxLLQorfsg5jHK57kT-2Fzsm-2FS0jMwtzmwJW7FAtN-2BpMapmX8vIj47957kw6Wijg-2BAr7FtSfzkdpUIfljhaPouy84waOG10TT-2Bhwui3o6RsE8oDDl19KTlGbdDxqvJ9sA7Nf-2BKyvBloXWTULuFiTyqsC01VMdLQgoppQZ9XkZwegIgJYTgY9SAYs3A4ZRLOgfyLF5EGhJcn2VWMCKuaWzLii5X-2BhoabOL4yxLYoD7NJreeW5CrDqQYg6U3mpT6bUhbpAb-2FqkDMzDKusSydpD8L0swzk3WBvMQLyLuslCfaxCx1pzJMWQo7EQq196NPoA1nSqmayWLYeSxLstZpkkfep8YXxVhPWyNCtYSKckMixGEPGBgCggPLWXHmkAPNYZKzhHnLLBaSo5iA3-2FYjVJQo7RbNmBX1uvMr1-2BZZTNHhNCoY-2Bw0ZkHRB7WTuBCc0BdaBPcGPw2Uy7wCXaipTagt9lDK-2FfAJegYLdEzZqnqTWd0-2FnB3Y08JMhuEE8coTjr06-2BcCbgbs4dRDINCoKTHXWvg68PVMEpy-2Fgm7M8gsNOsgwkpZu65hDQhU4YEBiqoOF85BDZGIYDynpeUZCRNcpMMg5hhd2XrtDm6R-2B5Spz20b8RxQ9ZPzszQ-2BTU9bwt1GxW9-2BHQVnVgnbJ9Q-3D\" rel=\"noreferrer noopener\" target=\"_blank\"><strong>insights<\/strong><\/a> today:<\/td><\/tr><tr><td><img decoding=\"async\" alt=\"\u25aa\" src=\"https:\/\/fonts.gstatic.com\/s\/e\/notoemoji\/16.0\/25aa\/72.png\"> What&rsquo;s next for oil after Venezuela? <img decoding=\"async\" alt=\"\u25aa\" src=\"https:\/\/fonts.gstatic.com\/s\/e\/notoemoji\/16.0\/25aa\/72.png\"> A QuickPoll on the investor outlook for oil <img decoding=\"async\" alt=\"\u25aa\" src=\"https:\/\/fonts.gstatic.com\/s\/e\/notoemoji\/16.0\/25aa\/72.png\"> Global stocks are expected to generate double-digit returns in 2026 <img decoding=\"async\" alt=\"\u25aa\" src=\"https:\/\/fonts.gstatic.com\/s\/e\/notoemoji\/16.0\/25aa\/72.png\"> China\u2019s economy is forecast to grow 4.8% this year<br><img decoding=\"async\" alt=\"\u25aa\" src=\"https:\/\/fonts.gstatic.com\/s\/e\/notoemoji\/16.0\/25aa\/72.png\"> The Key Number: The tech sector&rsquo;s capex in 2026 <img decoding=\"async\" alt=\"\u25aa\" src=\"https:\/\/fonts.gstatic.com\/s\/e\/notoemoji\/16.0\/25aa\/72.png\"> One River\u2019s Eric Peters on the future of finance <img decoding=\"async\" alt=\"\u25aa\" src=\"https:\/\/fonts.gstatic.com\/s\/e\/notoemoji\/16.0\/25aa\/72.png\"> Briefings Brainteaser: Japanese households&rsquo; stock investments<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><strong>Oil Market Impacts from Venezuela<\/strong><\/p>\n\n\n\n<p>The oil market&rsquo;s reaction to Venezuela\u2019s political upheaval has been relatively muted, but the impact on the country\u2019s oil reserves\u2014among the largest in the world\u2014could still be significant, says Goldman Sachs Research\u2019s Daan Struyven, co-head of global commodities research and head of oil research, in an episode of <a href=\"https:\/\/clicks.newsletter.mail.gs.com\/ls\/click?upn=u001.o42bWkJ9Wa3U2i4KUQa27h4z6Mes9u27H2jC78awKga8G-2BwnuraMtp9Zr-2FsuT88KEVSNzAYBWrg2tQ6TkM-2BPaQx7q-2Bb2fy4WivmIC-2FQ-2BNsCF2zXCMvpyU7AxG9enckqUZtiahbCqTGVPHNsPe2Tzww-3D-3D5l_-_GfJq9AG5m9Ibcv6EBXg4KtZ-2FUguDYshhw0Rgsopqx5YxYTPy4NI-2BsbXROLD-2F8q3RUyd-2BSAoHZDZ5Nkw9qqGNWLg2nrknvVvYxLLQorfsg5jHK57kT-2Fzsm-2FS0jMwtzmwJW7FAtN-2BpMapmX8vIj47957kw6Wijg-2BAr7FtSfzkdpUIfljhaPouy84waOG10TT-2Bhwui3o6RsE8oDDl19KTlGbdDxqvJ9sA7Nf-2BKyvBloXWTULuFiTyqsC01VMdLQgoppQZ9XkZwegIgJYTgY9SAYs3A4ZRLOgfyLF5EGhJcn2VWMCKuaWzLii5X-2BhoabOL4yxLYoD7NJreeW5CrDqQYg6U3mpT6bUhbpAb-2FqkDMzDKusSydpD8L0swzk3WBvMQLyLuslCfaxCx1pzJMWQo7EQq196NPoA1nSqmayWLYeSxLstZpkkfep8YXxVhPWyNCtYSKckMixGEPGBgCggPLWXHmkAPNYZKzhHnLLBaSo5iA3-2FYjVJQo7RbNmBX1uvMr1-2BZZTNHhNCoY-2Bw0ZkHRB7WTuBCc0BdaBPcGPw2Uy7wCXaipTagt9lDK-2FfAJegYLdEzZqnqTWd0-2FnB3Y08JMhuEG6MteHKVGDkGfC6TuSiVi9SfD6yZdLLJliPxJihrN7yeT3KblQHhkG62Slefvtuy7-2BIK8Q9lYkNiAjHsox-2BwhOsov0pOp2QWJmFgPuKV76Uiu-2Bn9BE3BbXulSJ-2FcY5syx2a5tm70soj25wPiaKTgDQ-3D\" rel=\"noreferrer noopener\" target=\"_blank\">Goldman Sachs Exchanges<\/a>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The key to unlocking Venezuela&rsquo;s oil potential lies in incentives and guarantees for US investment, Struyven tells host Allison Nathan. Given the degraded state of Venezuela&rsquo;s oil infrastructure, significant investment and a robust policy framework will be necessary to bring production back to higher levels.<\/li>\n\n\n\n<li>\u201cVenezuelan oil is quite attractive from an underground perspective\u2014from a geological perspective,\u201d Struyven says. The biggest challenges are above the ground, he adds\u2014the future tax rate, the state of infrastructure, and the risk of another wave of nationalization. \u201cIf we get the above-the-ground incentives in place, I think it will be quite plausible to argue that production will rise, because the underground geological setup is just quite attractive,\u00a0\u00bb he says.<\/li>\n\n\n\n<li>Production could rise to 1.5 million barrels per day by 2030 in a bullish scenario, potentially doubling to 2 million barrels per day if major US oil producers invest heavily in the region, Struyven says.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Investors Are Getting More Bearish on Oil Amid Developments in Venezuela<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>According to a survey of Goldman Sachs clients conducted this week, investor bearishness on oil reached extremes in January. Over the past 10 years, this level of bearishness has only been observed once: just after the US Liberation Day tariff announcement on April 2, 2025.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>Geopolitical developments are driving the broader sentiment, with 42% of investors saying geopolitics is the top risk they are watching this month (second only to US economic data at 49%), according to Goldman Sachs Marquee\u2019s QuickPoll. Views on gold, however, were steady. In fact, conviction levels are strengthening, as 28% of respondents expect to buy precious metals versus only 14% who expect to cut or sell their positions.<br><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"733\" height=\"571\" src=\"https:\/\/stocks-future.com\/wp-content\/uploads\/2026\/01\/unnamed581.png\" alt=\"\" class=\"wp-image-363\" srcset=\"https:\/\/stocks-future.com\/wp-content\/uploads\/2026\/01\/unnamed581.png 733w, https:\/\/stocks-future.com\/wp-content\/uploads\/2026\/01\/unnamed581-300x234.png 300w\" sizes=\"auto, (max-width: 733px) 100vw, 733px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>Global Stocks Are Projected to Return 11% Over Next 12 Months<\/strong><\/p>\n\n\n\n<p>Global stocks are expected to keep climbing in 2026 but not as strongly as last year, with diversification across styles, sectors, and regions potentially giving a boost to investors, <a href=\"https:\/\/clicks.newsletter.mail.gs.com\/ls\/click?upn=u001.o42bWkJ9Wa3U2i4KUQa27grjrLjMzQMcWfPO76LXsYIvj4o3u0I1ri1m8amq84R3-2BhSGTIGrKZ5Frx-2FyhdmCNnCbcY-2B0TFfKJmSXkgRVNFhAcqzIFJyIEfPNCPXH-2FR6pet1EevQJ-2BIjvkGbDDwpcvZz2fcldxLQLv0HzyAzRbqso1ZoKTzQ1M6nvnH3R8oUnHoksoE5g-2BaCyKzTi1NgknIDKShblY52UxqaaP9TZ5EQ-3DDKH4_GfJq9AG5m9Ibcv6EBXg4KtZ-2FUguDYshhw0Rgsopqx5YxYTPy4NI-2BsbXROLD-2F8q3RUyd-2BSAoHZDZ5Nkw9qqGNWLg2nrknvVvYxLLQorfsg5jHK57kT-2Fzsm-2FS0jMwtzmwJW7FAtN-2BpMapmX8vIj47957kw6Wijg-2BAr7FtSfzkdpUIfljhaPouy84waOG10TT-2Bhwui3o6RsE8oDDl19KTlGbdDxqvJ9sA7Nf-2BKyvBloXWTULuFiTyqsC01VMdLQgoppQZ9XkZwegIgJYTgY9SAYs3A4ZRLOgfyLF5EGhJcn2VWMCKuaWzLii5X-2BhoabOL4yxLYoD7NJreeW5CrDqQYg6U3mpT6bUhbpAb-2FqkDMzDKusSydpD8L0swzk3WBvMQLyLuslCfaxCx1pzJMWQo7EQq196NPoA1nSqmayWLYeSxLstZpkkfep8YXxVhPWyNCtYSKckMixGEPGBgCggPLWXHmkAPNYZKzhHnLLBaSo5iA3-2FYjVJQo7RbNmBX1uvMr1-2BZZTNHhNCoY-2Bw0ZkHRB7WTuBCc0BdaBPcGPw2Uy7wCXaipTagt9lDK-2FfAJegYLdEzZqnqTWd0-2FnB3Y08JMhuELBH90Qszjf63vmOT-2FDL-2FSFRfHPPZ7WDHPdSx4j126TchSPRHbJmRUrvjdO35U83TTV9JXgwAGhLp15JncO0PsfMskzZKrC4y0v-2B8LlSl7wgVjSEPGpIY9Go1nU-2BII2B2z2R4fdV3g9ceRr7lYAFOUc-3D\" target=\"_blank\" rel=\"noreferrer noopener\">according to Goldman Sachs Research<\/a>.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"739\" height=\"325\" src=\"https:\/\/stocks-future.com\/wp-content\/uploads\/2026\/01\/unnamed1.png\" alt=\"\" class=\"wp-image-369\" srcset=\"https:\/\/stocks-future.com\/wp-content\/uploads\/2026\/01\/unnamed1.png 739w, https:\/\/stocks-future.com\/wp-content\/uploads\/2026\/01\/unnamed1-300x132.png 300w\" sizes=\"auto, (max-width: 739px) 100vw, 739px\" \/><\/figure>\n<\/div>\n\n\n<p>The world economy is <a href=\"https:\/\/clicks.newsletter.mail.gs.com\/ls\/click?upn=u001.o42bWkJ9Wa3U2i4KUQa27grjrLjMzQMcWfPO76LXsYIvj4o3u0I1ri1m8amq84R3qGbFlLsnJVJZxg3-2BofG5sWlo5oMH9Ao8k8-2FKXDsMIsWps1pW2KUAmaqBBXURQnEF6thC0V0Hwb1pt-2BCFbTXiftp0GJ6g0pziXQ3-2FWD2XwlmvScxXbx5gC2-2BlnMNAOt0q2JMnIyOqLwC-2FVe9VcQ2VRA90ZmgqCyt5S4FsDAU6kwg-3DolRV_GfJq9AG5m9Ibcv6EBXg4KtZ-2FUguDYshhw0Rgsopqx5YxYTPy4NI-2BsbXROLD-2F8q3RUyd-2BSAoHZDZ5Nkw9qqGNWLg2nrknvVvYxLLQorfsg5jHK57kT-2Fzsm-2FS0jMwtzmwJW7FAtN-2BpMapmX8vIj47957kw6Wijg-2BAr7FtSfzkdpUIfljhaPouy84waOG10TT-2Bhwui3o6RsE8oDDl19KTlGbdDxqvJ9sA7Nf-2BKyvBloXWTULuFiTyqsC01VMdLQgoppQZ9XkZwegIgJYTgY9SAYs3A4ZRLOgfyLF5EGhJcn2VWMCKuaWzLii5X-2BhoabOL4yxLYoD7NJreeW5CrDqQYg6U3mpT6bUhbpAb-2FqkDMzDKusSydpD8L0swzk3WBvMQLyLuslCfaxCx1pzJMWQo7EQq196NPoA1nSqmayWLYeSxLstZpkkfep8YXxVhPWyNCtYSKckMixGEPGBgCggPLWXHmkAPNYZKzhHnLLBaSo5iA3-2FYjVJQo7RbNmBX1uvMr1-2BZZTNHhNCoY-2Bw0ZkHRB7WTuBCc0BdaBPcGPw2Uy7wCXaipTagt9lDK-2FfAJegYLdEzZqnqTWd0-2FnB3Y08JMhuEKyukPbo-2FBJ9nkYJYniY8f-2FTfsMcT2-2FjR02lmptsVJH60qbAVNpV7DlCOS0qNUp7PKmUiJwh01R2NYvn3332O90Xq2rwdt1rs9wLEGpBfLtcZkzJfxhAwIcDfX69XkBQUD-2ByQoSadM-2FbYxhNKRPNdQQ-3D\" rel=\"noreferrer noopener\" target=\"_blank\">poised for continued expansion<\/a> in 2026, and the US Federal Reserve is forecast to provide further modest easing.<\/p>\n\n\n\n<p>\u201cGiven this macro backdrop, it would be unusual to see a significant equity setback\/bear market without a recession, even from elevated valuations,\u201d Peter Oppenheimer, Goldman Sachs Research\u2019s chief global equity strategist, writes in a report titled <a href=\"https:\/\/clicks.newsletter.mail.gs.com\/ls\/click?upn=u001.o42bWkJ9Wa3U2i4KUQa27grjrLjMzQMcWfPO76LXsYJnP9QEK2F482XPQGlETfLrMqznuBYrCHbL5mo5mYdvSwRW2MO0fkamY-2BRBwyZTWfFHGycNk8cuG6KSH-2FXMb0zUWfgRZFB2KKs2UfN-2FZobn70vyU6x8f5twiABdh-2BmPqPmoyVLJjfLKnvOQh-2Fv0pUX3FQmEMIakfQsIwlvanTk-2FBCMGa8nKrL1BsnS-2Bq0Nolx2ywU2BIiXNIZdFkYnOaOrtFHJT_GfJq9AG5m9Ibcv6EBXg4KtZ-2FUguDYshhw0Rgsopqx5YxYTPy4NI-2BsbXROLD-2F8q3RUyd-2BSAoHZDZ5Nkw9qqGNWLg2nrknvVvYxLLQorfsg5jHK57kT-2Fzsm-2FS0jMwtzmwJW7FAtN-2BpMapmX8vIj47957kw6Wijg-2BAr7FtSfzkdpUIfljhaPouy84waOG10TT-2Bhwui3o6RsE8oDDl19KTlGbdDxqvJ9sA7Nf-2BKyvBloXWTULuFiTyqsC01VMdLQgoppQZ9XkZwegIgJYTgY9SAYs3A4ZRLOgfyLF5EGhJcn2VWMCKuaWzLii5X-2BhoabOL4yxLYoD7NJreeW5CrDqQYg6U3mpT6bUhbpAb-2FqkDMzDKusSydpD8L0swzk3WBvMQLyLuslCfaxCx1pzJMWQo7EQq196NPoA1nSqmayWLYeSxLstZpkkfep8YXxVhPWyNCtYSKckMixGEPGBgCggPLWXHmkAPNYZKzhHnLLBaSo5iA3-2FYjVJQo7RbNmBX1uvMr1-2BZZTNHhNCoY-2Bw0ZkHRB7WTuBCc0BdaBPcGPw2Uy7wCXaipTagt9lDK-2FfAJegYLdEzZqnqTWd0-2FnB3Y08JMhuEHNA4z0JK96MsJ8FIOpDl6MjBfxnuGgT0nk9xmtRjzb5BK3Vq4vU5LHFc4NoHHVcdJkqSE-2FEb1jBw23-2F4vEQqKoG7ZBkuY6ovX-2B0gpznHXsQOlLQ1xHn0dwq65A2QC7DB24-2BbERV0kJNrtuLXb-2FLUj8-3D\" rel=\"noreferrer noopener\" target=\"_blank\">\u201cGlobal Equity Strategy 2026 Outlook: Tech Tonic\u2014a Broadening Bull Market.\u201d<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Our analysts\u2019 12-month global forecasts indicate equity prices, weighted by regional market cap, are expected to climb 9% this year and return 11% with dividends, in US dollar terms.<\/li>\n\n\n\n<li>The strong rally in global equities in 2025 has left valuations at historically high levels across all regions\u2014not just in the US but also in Japan, Europe, and emerging markets. \u201cConsequently, we think that returns in 2026 are likely to be driven more by fundamental profit growth rather than by rising valuations,\u201d Oppenheimer says.<\/li>\n\n\n\n<li>Investors who diversified across regions were rewarded last year for the first time in many years, as the US underperformed most major markets. Our analysts expect diversification as a theme to continue in 2026, extending to investment factors such as growth and value and across sectors.<\/li>\n<\/ul>\n\n\n\n<p><em>Read&nbsp;<\/em><a href=\"https:\/\/clicks.newsletter.mail.gs.com\/ls\/click?upn=u001.o42bWkJ9Wa3U2i4KUQa27grjrLjMzQMcWfPO76LXsYIvj4o3u0I1ri1m8amq84R3-2BhSGTIGrKZ5Frx-2FyhdmCNnCbcY-2B0TFfKJmSXkgRVNFhAcqzIFJyIEfPNCPXH-2FR6pet1EevQJ-2BIjvkGbDDwpcvWyxUuw-2FWGxOpOx3iSeOJiFOHrL3I4M1b8pCZ7lBGN-2FcJa2swPN6VcG71IRx8KbszDFv0kkiBHFYzuxXEmsJ2Do-3D9PPa_GfJq9AG5m9Ibcv6EBXg4KtZ-2FUguDYshhw0Rgsopqx5YxYTPy4NI-2BsbXROLD-2F8q3RUyd-2BSAoHZDZ5Nkw9qqGNWLg2nrknvVvYxLLQorfsg5jHK57kT-2Fzsm-2FS0jMwtzmwJW7FAtN-2BpMapmX8vIj47957kw6Wijg-2BAr7FtSfzkdpUIfljhaPouy84waOG10TT-2Bhwui3o6RsE8oDDl19KTlGbdDxqvJ9sA7Nf-2BKyvBloXWTULuFiTyqsC01VMdLQgoppQZ9XkZwegIgJYTgY9SAYs3A4ZRLOgfyLF5EGhJcn2VWMCKuaWzLii5X-2BhoabOL4yxLYoD7NJreeW5CrDqQYg6U3mpT6bUhbpAb-2FqkDMzDKusSydpD8L0swzk3WBvMQLyLuslCfaxCx1pzJMWQo7EQq196NPoA1nSqmayWLYeSxLstZpkkfep8YXxVhPWyNCtYSKckMixGEPGBgCggPLWXHmkAPNYZKzhHnLLBaSo5iA3-2FYjVJQo7RbNmBX1uvMr1-2BZZTNHhNCoY-2Bw0ZkHRB7WTuBCc0BdaBPcGPw2Uy7wCXaipTagt9lDK-2FfAJegYLdEzZqnqTWd0-2FnB3Y08JMhuEEgRAFYgKEGgbX5W4NMmZqr-2BIuGeYp86KKjLX2fVy7kpj-2Fbto9E1MEq02so2reDTeykfw6kv72h-2BKihMwj7-2Fmv3o78dTBDxsuzBZ-2FO4FfcR3-2F5uZUPXBd28wJ5o0sOiSDNJ6A3X0otQmWAtwpUwoAdQ-3D\" rel=\"noreferrer noopener\" target=\"_blank\"><em>the full article<\/em><\/a><em>&nbsp;on Goldman Sachs Research\u2019s outlook for global stocks in 2026. Find all our outlooks for <a href=\"https:\/\/clicks.newsletter.mail.gs.com\/ls\/click?upn=u001.o42bWkJ9Wa3U2i4KUQa27grjrLjMzQMcWfPO76LXsYIKuLRqW-2BjJ1KorSwEgAs83Tr9DR2vwWGbr45k5qz1yfEpfOHcLO-2FHbUx5WJoaA6LI8SK4Hto4TGv84tsSfBLmykXyUYvUH5auB2r70yr6MKz8qT2oBxUgBEzYpfYCIJTg-3DkRF-_GfJq9AG5m9Ibcv6EBXg4KtZ-2FUguDYshhw0Rgsopqx5YxYTPy4NI-2BsbXROLD-2F8q3RUyd-2BSAoHZDZ5Nkw9qqGNWLg2nrknvVvYxLLQorfsg5jHK57kT-2Fzsm-2FS0jMwtzmwJW7FAtN-2BpMapmX8vIj47957kw6Wijg-2BAr7FtSfzkdpUIfljhaPouy84waOG10TT-2Bhwui3o6RsE8oDDl19KTlGbdDxqvJ9sA7Nf-2BKyvBloXWTULuFiTyqsC01VMdLQgoppQZ9XkZwegIgJYTgY9SAYs3A4ZRLOgfyLF5EGhJcn2VWMCKuaWzLii5X-2BhoabOL4yxLYoD7NJreeW5CrDqQYg6U3mpT6bUhbpAb-2FqkDMzDKusSydpD8L0swzk3WBvMQLyLuslCfaxCx1pzJMWQo7EQq196NPoA1nSqmayWLYeSxLstZpkkfep8YXxVhPWyNCtYSKckMixGEPGBgCggPLWXHmkAPNYZKzhHnLLBaSo5iA3-2FYjVJQo7RbNmBX1uvMr1-2BZZTNHhNCoY-2Bw0ZkHRB7WTuBCc0BdaBPcGPw2Uy7wCXaipTagt9lDK-2FfAJegYLdEzZqnqTWd0-2FnB3Y08JMhuEI8wA0fNxwBlPY-2FYaUysuPqmjWrRY-2F-2FhkzIJD97-2FrOe8ezix8pqJpdUYRx4JJehoDGygO0-2BrCDmqp-2FV7YzNboHt6tRXb-2FiBAGMrYPjYVnK2LTYhnO4b8QX8Ath3xT884R61iLFyzQfzsvAHq-2F8VFO2w-3D\" rel=\"noreferrer noopener\" target=\"_blank\">markets and the global economy here<\/a>.<\/em><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>Strong Exports to Boost China\u2019s Economy in 2026<\/strong><\/p>\n\n\n\n<p>Goldman Sachs Research forecasts that China&rsquo;s real GDP will <a href=\"https:\/\/clicks.newsletter.mail.gs.com\/ls\/click?upn=u001.o42bWkJ9Wa3U2i4KUQa27grjrLjMzQMcWfPO76LXsYIvj4o3u0I1ri1m8amq84R3wmCbVKBE4t9uhNX1f8PkUwdr4BMGf2NYCivLRAcAVkeGh93-2BuM6eMuiYqfmr6Of1I4a-2BMs0Z6CAG1DSO9m4h5ljGJqkDbKosvx94q-2F4AMfSdhMCprt5NqTgSBI-2BK-2B1OOljZaHGJwphXoZjW6RV1dilzW-2Bq9IcBQZ9HXMduOzkcw-3DZ939_GfJq9AG5m9Ibcv6EBXg4KtZ-2FUguDYshhw0Rgsopqx5YxYTPy4NI-2BsbXROLD-2F8q3RUyd-2BSAoHZDZ5Nkw9qqGNWLg2nrknvVvYxLLQorfsg5jHK57kT-2Fzsm-2FS0jMwtzmwJW7FAtN-2BpMapmX8vIj47957kw6Wijg-2BAr7FtSfzkdpUIfljhaPouy84waOG10TT-2Bhwui3o6RsE8oDDl19KTlGbdDxqvJ9sA7Nf-2BKyvBloXWTULuFiTyqsC01VMdLQgoppQZ9XkZwegIgJYTgY9SAYs3A4ZRLOgfyLF5EGhJcn2VWMCKuaWzLii5X-2BhoabOL4yxLYoD7NJreeW5CrDqQYg6U3mpT6bUhbpAb-2FqkDMzDKusSydpD8L0swzk3WBvMQLyLuslCfaxCx1pzJMWQo7EQq196NPoA1nSqmayWLYeSxLstZpkkfep8YXxVhPWyNCtYSKckMixGEPGBgCggPLWXHmkAPNYZKzhHnLLBaSo5iA3-2FYjVJQo7RbNmBX1uvMr1-2BZZTNHhNCoY-2Bw0ZkHRB7WTuBCc0BdaBPcGPw2Uy7wCXaipTagt9lDK-2FfAJegYLdEzZqnqTWd0-2FnB3Y08JMhuEIMKP0Z46yJp28ro2c9naGe5qdt6cyH-2FXzYLeKhxXmwnTpYWqpn78Y-2FpjedANjkwA-2BKmDfX3skKyLKzKNS2yYUELCQU9Rm4ISmi8swgKPZJaKYMNTBfHZfpekJGf0FbaWqkCUnrhE1Fcgoqt1OpqpBs-3D\" rel=\"noreferrer noopener\" target=\"_blank\">grow by 4.8%<\/a> in 2026, above the consensus estimate of 4.5%. This projection is driven by resilient export volumes and less economic drag from the declining property market.<\/p>\n\n\n\n<p>Although Chinese exporters have successfully diversified into non-US markets, policymakers will need to find new sources of growth in the coming years, writes Hui Shan, chief China economist in Goldman Sachs Research, in the team\u2019s report. \u201cBuilding a consumption- and services-driven economy will take years, if not decades,\u201d she writes.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"731\" height=\"623\" src=\"https:\/\/stocks-future.com\/wp-content\/uploads\/2026\/01\/unnamed-b.png\" alt=\"\" class=\"wp-image-372\" srcset=\"https:\/\/stocks-future.com\/wp-content\/uploads\/2026\/01\/unnamed-b.png 731w, https:\/\/stocks-future.com\/wp-content\/uploads\/2026\/01\/unnamed-b-300x256.png 300w\" sizes=\"auto, (max-width: 731px) 100vw, 731px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>The team\u2019s most distinctive out-of-consensus view is for China\u2019s current account surplus to rise to 4.2% of GDP in 2026 from 3.6% last year. The consensus of economists surveyed by Bloomberg is for it to decline to 2.5% of GDP. Our economists expect nominal export growth to remain solid in 2026 at 5.6% (versus 5.5% in 2025) in US dollar terms. Their estimate is underpinned by higher exports to emerging market economies, China\u2019s dominance in critical minerals, and the potential for greater growth in high-tech exports. At the same time, China\u2019s property sector is in its fifth year of decline. Goldman Sachs Research expects that the property sector\u2019s drag on annual real GDP growth\u2014around 2 percentage points per year in 2024 and 2025\u2014will narrow by 0.5 percentage points per year over the next few years.<br><em>Read&nbsp;<\/em><a href=\"https:\/\/clicks.newsletter.mail.gs.com\/ls\/click?upn=u001.o42bWkJ9Wa3U2i4KUQa27vOCCXeEfvV92GPUqpra8Oqe1Kxcsona01hPZiA51U0-2Bqyg4E-2BsG052j3aroXFvHHAhxU8AMiWV8CDkq7dfMfClgrfmbP-2B88R4QTQhfhhgO8CgmJwarwQNlfDPUrOgJeCvbBPq7mz3XxqvJIhOSaRZEFcWCicMghJsHHinLCMKQaSvRGjPVTu2p7YLBPKrTPUZhB-2FpB58WgsAduQGM75bYBBcLieksdnnW593fmCz1JpwnJ0_GfJq9AG5m9Ibcv6EBXg4KtZ-2FUguDYshhw0Rgsopqx5YxYTPy4NI-2BsbXROLD-2F8q3RUyd-2BSAoHZDZ5Nkw9qqGNWLg2nrknvVvYxLLQorfsg5jHK57kT-2Fzsm-2FS0jMwtzmwJW7FAtN-2BpMapmX8vIj47957kw6Wijg-2BAr7FtSfzkdpUIfljhaPouy84waOG10TT-2Bhwui3o6RsE8oDDl19KTlGbdDxqvJ9sA7Nf-2BKyvBloXWTULuFiTyqsC01VMdLQgoppQZ9XkZwegIgJYTgY9SAYs3A4ZRLOgfyLF5EGhJcn2VWMCKuaWzLii5X-2BhoabOL4yxLYoD7NJreeW5CrDqQYg6U3mpT6bUhbpAb-2FqkDMzDKusSydpD8L0swzk3WBvMQLyLuslCfaxCx1pzJMWQo7EQq196NPoA1nSqmayWLYeSxLstZpkkfep8YXxVhPWyNCtYSKckMixGEPGBgCggPLWXHmkAPNYZKzhHnLLBaSo5iA3-2FYjVJQo7RbNmBX1uvMr1-2BZZTNHhNCoY-2Bw0ZkHRB7WTuBCc0BdaBPcGPw2Uy7wCXaipTagt9lDK-2FfAJegYLdEzZqnqTWd0-2FnB3Y08JMhuELg6Ed3BUNDCcAOXI2IWUAYJQ5NHMlxL4FfhmtMdJ6JMkz6757qwALVjilSba7nPESE9wdYsK-2Fe-2BiMib5pXKXasymXo5m-2FEziXxud4PsScquVwtXOOOvM2L6uVZ-2Bn-2BK8fvDWCTTdVx-2F-2BkKaLwhTd8V0-3D\" rel=\"noreferrer noopener\" target=\"_blank\"><em>the full article<\/em><\/a><em>&nbsp;on the outlook for China\u2019s economy in 2026.<\/em><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>BY GOLDMAN SACHS The key insights today: What&rsquo;s next for oil after Venezuela? A QuickPoll on the investor outlook for oil Global stocks are expected to generate double-digit returns in 2026 China\u2019s economy is forecast to grow 4.8% this year The Key Number: The tech sector&rsquo;s capex in 2026 One River\u2019s Eric Peters on the &hellip;<\/p>\n","protected":false},"author":1,"featured_media":375,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[28],"class_list":["post-359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stocks-exchange","tag-goldman-sachs"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=359"}],"version-history":[{"count":7,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/359\/revisions"}],"predecessor-version":[{"id":373,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/359\/revisions\/373"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/media\/375"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}