Morgan Stanley doubles down on forecast for a V-shaped economic recovery by 4th quarter
is more convinced than ever that the coronavirus recession will be a"sharp but short" blight on the global economy.
The global economy will roar back to pre-pandemic levels by the fourth quarter and fuel a strong stock-market bounce into 2021, they added. The advent of a new expansionary cycle should encourage greater risk-taking in other markets as well, the team wrote. The gap between junk and investment-grade corporate credit will shrink, creating an opportunity for those holding higher-yield bonds. Commodity prices will jump on a return to past output activity, though weaker fundamentals for oil risk a slower bounce-back.
In the bank's bearish scenario, another outbreak would force a return to strict quarantine orders and stymie reopenings currently taking place around the world. The second plunge in consumer demand would fuel a"double-dip" in global output, the economists wrote.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Morgan Stanley doubles down on 'V-shaped recovery' and raises stock market forecastMorgan Stanley says it has greater confidence in a 'V-shaped' recovery from the coronavirus pandemic, citing positive economic data and policy action from health authorities, governments and central banks.
Read more »
Piers Morgan slams 'disgusting scenes' at Westminster as thugs clash with policeThe Good Morning Britain host slammed 'disgusting and shameful' scenes of police and journalists being attacked in Parliament Square
Read more »
Piers Morgan told Kate Garraway to treat husband's condition like breaking newsThe Good Morning Britain host told Kate to treat the situation like it was live news story and gather as much information as she could, after Derek Draper was placed into a coma as he fought coronavirus
Read more »
Piers Morgan says Kate Garraway's husband's battle for life is 'unbearably sad'Piers Morgan has spoken out about his Good Morning Britain co-presenter Kate Garraway and that her husband Derek Draper may 'never come home'
Read more »
Morgan Stanley doubles down on 'V-shaped recovery' and raises stock market forecastMorgan Stanley says it has greater confidence in a 'V-shaped' recovery from the coronavirus pandemic, citing positive economic data and policy action from health authorities, governments and central banks.
Read more »