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Goldman Sachs expects weak earnings growth across all major markets in 2019

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Goldman Sachs expects weak earnings growth across all major markets in 2019, Goldman Sachs' chief global equity strategist Peter Oppenheimer told CNBC's Squawk Box.

Investors can expect weak earnings growth across all major markets in 2019, according to Goldman Sachs' chief global equity strategist.

"We do think that earnings growth is going to be quite weak this year in all of the major markets," he said."So having seen the rebound that we've had already, much is going to depend now on how far earnings can grow, and I think that's going to be quite modest." Investors across the world are concerned over a gloomy outlook for the economy. The European Central Bank and the International Monetary Fund sharply downgraded their economic growth forecast for the euro zone recently as external risks such as a slowdown in the German economy, Italy's rising debt pile and uncertainties around U.K.'s exit from the European Union continue to weigh in.

 

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