Morgan Stanley Predicts Major Recession in 2013 Doom Scenario
Morgan Stanley’s David Greenlaw talks about his outlook for the U.S. and global economy. He speaks on Bloomberg Television’s “Bloomberg Surveillance.” (Source: Bloomberg)
Morgan Stanley sounds “Recession Alarm”
The global economy is likely to be stuck in the “twilight zone” of sluggish growth in 2013, Morgan Stanley has warned, but if policymakers fail to act, it could get a lot worse.
The bank’s economics team forecasts a full-blown recession next year, under a pessimistic scenario, with global gross domestic product (GDP) likely to plunge 2 percent.
“More than ever, the economic outlook hinges upon the actions taken or not taken by