Goldman Sachs Group Inc expects a downright contraction.
SHANGHAI: Analysts are increasingly slashing their earnings projections for Asian companies as the coronavirus keeps spreading globally.
And this time, Goldman Sachs Group Inc expects a downright contraction.
Strategists at the firm led by chief Asia-Pacific equity strategist Timothy Moe now see a 14% decline in 2020 earnings per share for members of the MSCI Asia Pacific ex-Japan Index, from a 1% increase previously.
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