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.





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