Morgan Stanley’s Gorman Says World Economy Still Needs Stimulus

The global economy still needs monetary stimulus to fully recover, Morgan Stanley 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.

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