BRICS: Goldman Sachs Predicts Major US Market Correction
The US dollar started 2025 on the front foot and outperformed the local currencies of BRICS countries. The DXY index, which tracks the performance of the US dollar, shows the currency inching towards the 110 mark. The steep rise is adding pressure on local currencies, which have fallen to new yearly lows. As the US dollar outpaces BRICS’ local currencies, leading investment bank Goldman Sachs has warned that a major short-term correction for the stock market is on the cards. Also Read: More Than 20 Countries Apply To Join BRICS in 2025 BRICS: Prepare For a US Market Correction, Says Goldman Sachs Source: Reuters / Brendan McDermid Global investment bank Goldman Sachs predicts the US market should brace for a major downturn in 2025. The forecast from Goldman Sachs comes at a time when BRICS is looking to push the de-dollarization agenda worldwide. “While we expect equity markets to make further progress over the year as a whole — largely driven by earnings — they are increasingly v...