Morgan Stanley defies the double dip

Sustainable global economic recovery is under way, powered by the Asian engine, argue Morgan Stanley economists.

Senior Morgan Stanley economists and strategists were in Hong Kong last week to preach an optimistic outlook for the world’s economic recovery

“The global economy is growing moderately – but sustainably,” said Richard Berner, chief US economist and co-head of global economics, in a media briefing on August 19

He identified “three pillars" to support his positive view

First, the evidence suggests that there will be no double-dip recession; second, although they will not be a “game changer”, the recent bank stress tests in Europe will instil confidence in financial markets; and third, Morgan Stanley expects a soft-landing in China As a result, the US bank is...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222