Goldman, Morgan Stanley See Signs World Economy Is Bottoming Out

Goldman Sachs Group Inc. and Morgan Stanley economists said there is evidence the world economy is starting to recover from the coronavirus and the restrictions placed on businesses and consumers.

“Economic activity has probably bottomed now,” Jan Hatzius, chief economist at Goldman Sachs, said in a report to clients on Monday. “Lockdowns and social distancing are starting to diminish as many countries are cautiously reopening their economies.”