Post by Portiaami on Jun 17, 2020 1:38:51 GMT
V-shaped recovery coming from sharpest, shortest recession on record: Morgan Stanley
www.foxbusiness.com/markets/v-shaped-recovery-sharpest-shortest-recession-morgan-stanley
The global economy will return to pre-coronavirus output levels by the end of the year, according to economists at Morgan Stanley.
Significant policy support has ensured that while the current recession is sharper than the one experienced during the 2008 global financial crisis the recovery will be faster, they said.
“We have greater confidence in our call for a V-shaped recovery, given recent upside surprises in growth data and policy action,” wrote Chetan Ahya, chief economist at Morgan Stanley. “The global economy bottomed in April and the recovery will gather further momentum, making this a short recession.”
www.foxbusiness.com/markets/v-shaped-recovery-sharpest-shortest-recession-morgan-stanley
The global economy will return to pre-coronavirus output levels by the end of the year, according to economists at Morgan Stanley.
Significant policy support has ensured that while the current recession is sharper than the one experienced during the 2008 global financial crisis the recovery will be faster, they said.
“We have greater confidence in our call for a V-shaped recovery, given recent upside surprises in growth data and policy action,” wrote Chetan Ahya, chief economist at Morgan Stanley. “The global economy bottomed in April and the recovery will gather further momentum, making this a short recession.”
