Goldman Sachs has predicted how many medals each country will win in the imminent London Olympics. Analysts Jose Ursua and Kamakshya Trivedi use econometric models to forecast country-by-country medal count based on previous Olympic performance and economic growth, which is positively correlated with Olympic success.
India is expected to win two gold medals at the 2012 London Games. The Goldman analysts predict India will win a total of five medals in London and will be No. 39 on the medals tally at the end of the Games. At the 2008 Beijing Games, India won three medals, including one gold, and was placed No. 50 in the medals tally.
The United States is expected to finish at the top of the medals tally in London with 108 medals, including 37 golds. At the 2008 Games, the US won 110 medals, including 36 gold, and finished only behind China.
China won 100 medals, including 51 golds at the 2008 Beijing Games; but they are expected to finish behind United States in the total medals haul at the London Games. China is expected to win 98 medals, including 31 golds at the 2012 London Games.
Russia with 74 medals, which includes 25 golds, is expected to come in third in the medals tally at London. Russia won 73 medals, including 23 golds at the Beijing Olympic Games.
Hosts Great Britian will finish fourth in the medals tally at the 2012 London Games with 65 medals, including 30 golds. At Beijing, Great Britain won 47 medals, including 19 golds.
Australia are expected to win as many medals - 46 - at London as they did in Beijing four years ago. But, Australia's gold medals count is predicted to increase to 15 from 14.
France are also predicted to win the same number of medals - 41 - at the 2012 Games as they did at the Beijing Olympics. The French medal count, however, is expected to double to 14 from 7.
Germany are also expected to win the same number of medals in London that they did at the 2008 Beijing Games - 41. Germany's gold medal tally is however expected to decrease to 14 from 16.
South Korea is likely to win 31 medals at the 2012 London Games - the same number that they won in Beijing. South Korea won 13 gold medals at the 2008 Beijing Games, but they are expected to win only 10 golds at London.
Italy won 27 medals at the 2008 Beijing Games, but in London, that number is expected to increase to 30. Italy's predicted medal count at London - 10 - is two more than they won at the 2008 Beijing Games.
Ukraine is expected to finish 10th in the medals tally at the end of the 2012 London Games. Ukraine should win 27 medals in London, the same as they did at the 2008 Beijing Games. Their gold medal count, though, is predicted to increase to 9 from 7.
Smaller countries like Belarus, Netherlands, Kenya, Poland, New Zealand, Jamaica, Norway, Turkey, Ethiopia, Azerbaijan, Sweden, Nigeria and Ethiopia are all expected to finish ahead of India on the medals tally at the end of the 2012 London Games.
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