Goldman Sachs's analyst said that the US economy would not stagnate in the next two years, despite the fear of the market that it suffers.
Peter Oppenheimer, an analyst at the bank, told CNBC that the US economy will grow over the next few years, but at a much slower pace of 1.6 percent by 2020.
The US economy grew by 3.5 percent in the third quarter, but came under the expectations of the analysts.
"We should expect a relatively low return on global equity markets next year, but we are still positive," said Goldman Sachs's analyst.
Goldman Sachs analysts attributed latest stock sales to global business concerns and expectations of weaker income increasing in the coming years and higher interest rates.
Oppenheimer said the slowdown in profit growth in the coming years was at the heart of global equality selling.