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Morgan Stanley Economists Double Down on V-Shape Global Recovery

Bloomberg business news
Morgan Stanley's Sheets Says U.S. Markets in 'Early-Cycle Environment'

The global economy is in a new expansion cycle and output will return to pre-coronavirus crisis levels by the fourth quarter, according to Morgan Stanley economists.

“We have greater confidence in our call for a V-shaped recovery, given recent upside surprises in growth data and policy action,” economists led by Chetan Ahya wrote in a mid-year outlook research note on June 14.