Fears Of A Deeper Recession? | Morgan Stanley To ET NOW
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Expect global growth to contract by 3.2% due to the coronavirus pandemic. Global output is seen coming back to pre-COVID-19 levels by Q4 of 2021 for DMs but not before. This means it'll take us almost a year to get back to pre-coronavirus levels. Global COVID-109 recession to be shorter compared to the Global Financial Crisis and recession that led as a result of that in 2008. However, the 2020 meltdown is very different from the 2008 crisis, since it was a result of health and scientific failings, not a sign of weakness in the financial markets. Also monitoring and tracking global mobility data closely as an indicator of growth recovery, says Chetan Ahya. Listen in! Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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