Goldman Sachs Predicts Emerging Markets Rally Through 2025, Highlights Tech and AI Demand
Goldman Sachs Research forecasts a sustained rally in emerging markets stocks and currencies through 2025, driven by a weak U.S. dollar, investor appetite for diversification, and robust corporate earnings. The MSCI EM index is projected to climb 7.8% to 1,480 within 12 months, with tech-heavy Chinese, Taiwanese, and South Korean firms leading the charge.
Earnings growth is expected to accelerate to 9% in 2025 and 14% in 2026, fueled by AI adoption and semiconductor demand. While the report focuses on traditional equities, the macroeconomic tailwinds—particularly dollar weakness and capital flows into high-growth regions—mirror conditions that historically benefit crypto assets.