Morgan Stanley forecasts 'sustainable' US recovery 14 Aug 2009 | 14:22 Barney Hatt
Morgan Stanley is predicting a "slow but sustainable" economic recovery in the US, and forecasts 2.6% GDP growth by next year. At its Global Economic Forum, the investment bank says it has increased its estimate for real growth in the second half of 2009 to 2.75%, from 1.25% a month ago. The bank, which based its new estimate on US economic data, says the recovery may be bumpy but estimates US growth could reach 3.25% - and real GDP growth 2.6% - in 2010. Morgan Stanley has identified three factors it says will drive a sustainable, long-term recovery. It cites the improvement in financial conditions, saying it is driving recovery in the credit market, and says the effects of fiscal stimulus are also beginning to emerge. Lastly, it says reduced inventory liquidation is beginning to contribute to growth. http://www.investmentweek.co.uk/investment-week/news/1529230/morgan-stanley-forecasts-sustainable-us-recovery -- *Power and Repose: Swami Vivekananda. * http://www.youtube.com/watch?v=BcG-jDGG4UY --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---
