Global Recession Risks Rising: Morgan Stanley

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Global Recession Risks Rising: Morgan Stanley

Not everybody agrees with the U.S. Federal Reserve’s view that the U.S. economy is generally on the upswing, Europe is not that far behind, and the emerging markets are currently just in a bit of the doldrums. Some economic pundits have begun using the “R” word again, suggesting that the ongoing market meltdown in the new year reflects more than just an over-reaction to plunging oil prices and a slowdown in China, and that there is a growing risk of a global recession.

In their January 19th report, M