Morgan Stanley: the momentum of the global economy decreasing, business and consumer confidence declining

Morgan Stanley modified the expected global growth rate for this year from 4.2 percent to 3.9 percent.

The correction was made with reference to the not appropriate policy reactions for the European debt crisis and the financial constraints, that shook investor confidence. The news in connection to the debt problems of the developed-countries and the weakening dollar had an impact on the European market as well – reports mfor.hu.