Forex Flash: Global growth to accelerate by 2014 – Goldman Sachs

According to the Economics Research Team at Goldman Sachs, “We expect a modest recovery in global growth this year accelerating into 2014. European equities in our view remain good value, especially versus bonds. However, near-term risks are high and domestic growth is sluggish. We search for structural growth stories, which are not already heavily priced; we think sectors such as autos, tech, personal & HH goods and healthcare fall into this category. We believe several sectors are facing continuing structural issues including telecoms and oil & gas and would continue to avoid exposure to these areas despite low valuations.”