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.
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