Morgan Stanley Is Confused: “The Probability Of A Global Recession Still Dominates Our Discussions On The Economy”
by Tyler Durden
ZeroHedge.com
Jun 5, 2016
In Morgan Stanley’s Sunday Start note explaining “what’s next in global macro”, the firm’s go-head of economics, Chetan Ahya notes that he remains confused by a “unique cycle” in which “our current conversations would have been centred on whether the global economy is overheating. Instead, the probability of a global recession and possibility of further stimulus still dominate our discussions on the global economy.” Here is why, according the Morgan Stanley, the current cycle is so different, and why “global growth will likely remain below trend for a while longer and recession risks will likely remain a more topical subject than overheating risks.”
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