Market Pullback Will Be Worse Than Crimea If Russia Invades, Goldman Sachs Says

  • 📰 nbcchicago
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The hit to stock markets from a potential Russian invasion of Ukraine would be worse than that seen after the annexation of Crimea in 2014, according to Goldman Sachs.

a, sparking international outcry and a wave of economic sanctions, and military experts have likened the extraordinary buildup of Russian forces at the Ukrainian border in recent weeks to that which preceded the previous invasion.

"Real GDP growth decelerated from 0.4% quarter-on-quarter in Q1 2014 to 0.2% in Q2 before rebounding to 0.5% QoQ in Q3. Of course, the temporary setback could be more pronounced this time." "Relative to all other factors that will shape the euro zone's economic performance this year , some losses in non-energy trade with Russia as a result of sanctions and counter sanctions would likely have an almost negligible impact on Europe's growth outlook beyond the next one or two months," he added.

An investor confidence index published Monday by British online stockbroker Hargreaves Lansdown showed sharp falls in investor confidence between January and February.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 545. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Goldman Sachs sees three paths for the S&P 500 ---and one would leave stocks nearly 20% lowerOn a tense day for markets with geopolitics shaking up the action, we've got a fresh view from Goldman Sachs on where stocks could end up this year.
Source: MarketWatch - 🏆 3. / 97 Read more »