Goldman Sachs Asked Its Biggest Clients About The Fate Of The Dollar

dollar print mint

Photo: Getty Images

In his latest Viewpoints note, Jim O’Neill shared some results of a recent survey that Goldman Sachs Asset Management conducted with its clients.GSAM, which has $714 billion in assets under management, serves some of the largest, most powerful entities in the world.

Here were some of the results:

1. I believe the world can grow faster over the next 10 years than it has over the past 10 years. 50
pct of those who responded (about half responded) said Yes; 40 pct, No. I joked that I would try to persuade some of the No’s during the day.

2. How likely is it that Africa will be a significant force in the global economy by the end of this
decade? 51 pct Yes; 32 pct No.

3. Could the US dollar ever be replaced as the dominant international reserve currency? 64 pct
answered Yes; 28 pct, No.

SEE ALSO: Goldman’s Jim O’Neill Presents His 11 Predictions For 2012 >

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