MORGAN STANLEY: "The Global Economy Is Sinking Ever Deeper Into The Twilight Zone"

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Image uploaded from a quicklink A few weeks ago, Morgan Stanley's head global economics Joachim Fels sent a note to clients entitled Into the Twilight Zone. In the note, the group downgraded its global growth forecasts, reflecting increasing pessimism across Wall Street on the future of the world economy. Fels just put out an update today, writing that "recent disappointing data suggest that the global economy is sinking ever deeper into the twilight zone that divides sustainable recovery from renewed recession."

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