Explained: Why Morgan Stanley sees India’s growth recovering next year | Explained News, The Indian Express

Explained: Why Morgan Stanley sees India’s growth recovering next year | Explained News, The Indian Express

Written by Udit Misra |Edited by Explained Desk |New Delhi |Updated: November 18, 2019 1:53:21 pm

Explained: Why Morgan Stanley sees India’s growth recovering next year

In August, MS cautioned about an impending global recession but its latest report is far more optimistic.

Morgan Stanley believes that while the “near term growth is expected to remain weak,” yet the “the triggers for a stronger growth are in place”.

In its latest “Global Macro Outlook” released on Monday, Morgan Stanley (MS), one of the biggest investment banks and financial services firm, has stated that the global economy is likely to recover starting with the first quarter of 2020.