Morgan Stanley’s Gorman Says World Economy Still Needs Stimulus

The global economy still needs monetary stimulus to fully recover, Morgan Stanley (MS) Chief Executive Officer James Gorman said.

“We’re still in a recovery zone,” Gorman, 54, said today in an interview with Bloomberg Television’s Erik Schatzker at the World Economic Forum in Davos. “There’s still a lot of muted areas around the world. There’s nobody running a victory lap just yet.”

Gorman said he doesn’t think existing stimulus measures by central banks are creating asset bubbles.

“I’d be hard-pressed to describe this as toppy,” he said.

To contact the reporter on this story: Michael J. Moore in New York at mmoore55@bloomberg.net

To contact the editor responsible for this story: Steve Dickson at sdickson1@bloomberg.net

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