Morgan Stanley expects a rapid economic recovery
the performance of the world economy has entered a new phase of growth and by the fourth quarter it will return to pre-coronavirus levels – according to Morgan Stanley.
Economists at the prestigious U.S. investment bank expect a steep but short-lived recession: they estimate the global economy will hit a low of 8.6 percent year-over-year in the second quarter and could grow by as much as 3 percent by the first quarter of 2021. (MTI)
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