World markets could soar by 20%, as Irish stocks fall 3%

WORLD stock markets could soar by 20% this year as figures show Irish stocks fell by 3% in 2010.

Chairman of Goldman Sachs Asset Management Jim O’Neill said the 15% to 20% rally in major stock markets will be led by the developed markets such as the US.

He also said he didn’t agree with warnings that China’s expanding economy is in imminent danger of imploding.