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Goldman Strategists Bet on Tourism-Linked Currencies in Recovery

  • Firm bullish on Thai, New Zealand currencies, Egypt’s equities
  • Goldman’s Trivedi predicts recovery driven by services, travel

Goldman Sachs Group Inc. strategists expect a tourism revival in the second half of 2022, with the Thai baht, New Zealand dollar and Egyptian equities among their top bets.

The firm predicts that the manufacturing-led economic recovery will shift to one driven by leisure and tourism as foreign visitors return to beaches and mountains after enduring nearly two grueling years of the coronavirus pandemic.