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Goldman Cuts Asia Earnings Forecast Yet Again on Oil Shock

India's Rupee Drops to Record Low as Crude Oil Prices Advance
Photographer: Dhiraj Singh/Bloomberg

Another week, another Asia earnings forecast cut at Goldman Sachs Group Inc.

The bank’s strategists led by Timothy Moe have slashed another 2 percentage points from their 2020 regional earnings growth forecast for the MSCI Asia Pacific ex-Japan Index to 4%, well below consensus of 13%, according to a note Tuesday.