Covid-19 recession short but sharp, predicts Morgan Stanley

16th June 2020 (Last Updated June 16th, 2020 07:28)

16 June

The number of Covid-19 cases continues to increase across the world particularly in developing and emerging nations and fresh outbreak being reported in China.

Some countries, however, have started reopening their economies and easing lockdown restrictions increasing the possibility of a V-shaped recovery.

John Ashcroft, an economist, shared an article on Morgan Stanley’s projections that the global economy is headed for a V-shaped recovery.

The article notes that the global economy will return to pre-crisis levels by the fourth quarter of 2020.

The predictions are based on the latest economic data in addition to policy actions taken by various governments.

Morgan Stanley predicts that the recession will be sharp but short although uncertainty still remains around this outlook.

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