Morgan Stanley’s Gorman Says World Economy Still Needs StimulusMichael J. Moore
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.