roach-doubts-the-us-will-avoid-recession

Roach doubts the US will avoid recession

Renowned economist and chairman of Morgan Stanley Asia, Stephen Roach, says a prolonged economic downturn in the US could lead to protectionist trade policies.
Morgan StanleyÆs Asia chairman Stephen Roach û one of the few high-profile economists who was bearish on the US economy well before it was in vogue û managed to make an American Chamber of Commerce lunch crowd chuckle while he delivered a pessimistic view of the US economy on Wednesday.

Perhaps thatÆs because these US citizens live and work in Asia û and while he doesnÆt buy into the decoupling theory, heÆs less bearish on the region.

ôI certainly am negative on prospects for the US economy. I am far less negative on what that means for Asia,ö says Roach, joking that Morgan Stanley moved him from New York to Hong Kong because the firm...
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