"Morgan Stanley has warned that the global economy is teetering on the brink of a recession, and slashed its growth forecasts. Fears that the world is sliding into a double dip recession are weighing on global stock markets, which resumed their recent falls on Thursday.
Morgan Stanley said the US and the eurozone are "hovering dangerously close to a recession over the next 6-12 months". "While we had been calling for a 'BBB' recovery in developed markets all along, the path now looks even more Bumpy, Below-par and Brittle than previously thought," analysts Joachim Fels and Manoj Pradhan said in a note, adding that emerging markets were not immune either"..........READ MORE
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