US and China to win most gold in Rio – Goldman Sachs

Good Wishes from President: The President of India, Shri Pranab Mukherjee sent his well wishes to the Indian Group participating in the Rio Olympic Games 2016 on the eve of the opening ceremony.

For the 2016 Rio Olympics, the report has again predicted U.S. to retain its dominance with a total of 106 medals – three more than the London Olympics.

Before the Olympics, the economists at Goldman Sachs like to try their hand at predicting which country will go home with the most medals from the games. But according to a report, India is going to return with only one gold medal.

In its report titled “The Olympics and Economics” Goldman Sachs has predicted the number of medals and their colour each country will win at the sporting extravaganza, starting on August 5. Goldman Sachs also expects the U.S.to take home 106 medals overall, more than they’re predicting for any other country and two more than the USA took home in 2012.

The same when Saudi Arabia will win 13 medals at Rio, because of its high GDP and large population, even though it had not gained a single medal up until 2012 games.

At the London Olympics, China came in second after the U.S.in the total medal tally, collecting 88 medals for their efforts.

Adding further, Goldman’s survey predicts United States and China to emerge as table-toppers, bagging 106 and 89 medals, respectively.

Happily for Britain’s Rio Olympians, Goldman is backing them to retain third place in the medal table.

Meanwhile, Goldman Sachs analysts have stated that in case Russian athletes are banned from all events in the Rio Olympics, it will lead to a major shift in the medals tally as Russia has always been one of the top medal winners in the Olympics.