Goldman Sachs says these stocks will beat the S&P 500 this year

Goldman says non-U.S. stocks will beat the S&P 500 this year

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2023 will be the year where international stocks outperform their U.S. peers as the economic outlook in China and Europe looks less dire, according to Goldman Sachs.

The forecast followed recent developments that the sudden reversal of China's zero Covid policy prompted the country to reopen more swiftly than expected. The better outlook in China in turn is expected to boost output in Euro area, Goldman said. Meanwhile, a milder-than-feared winter in Europe has diminished gas demand and pushed prices below pre-war levels, the firm said.

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