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Morgan Stanley warns of US recession, sees 'credible bear case', says report

Updated : July 23, 2019 12:28 PM IST

A team led by the company's chief US economist Ellen Zentner told Morgan Stanley clients in a lengthy analysis that the path to the bear case of a US recession is narrow but not unrealistic.
“Corporates may start laying off workers and cutting capex as margins are hit further and uncertainty rises,” said Zentner.
Morgan Stanley warns of US recession, sees 'credible bear case', says report

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