Economics

Goldman Manager Who Predicted 2019’s Equity Rally Bets on Europe

  • Bunglawala says market is too pessimistic on Europe growth
  • GSAM joins BlackRock in expecting tamer returns for stocks
Vehicles sit at traffic lights as the Arc de Triomphe stands beyond at night in Paris.Photographer: Christophe Morin/Bloomberg
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The Goldman Sachs asset manager who foresaw this year’s rally in equities is entering 2020 with a focus on the euro-area stocks most likely to benefit from the region’s economic recovery.