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Morgan Stanley: If the trade war escalates, a recession will be here in 9 months

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Published Mon, Aug 5 2019 7:19 AM EDTUpdated Mon, Aug 5 2019 12:49 PM EDT

Michael Sheetz
@thesheetztweetz

Key Points

* Morgan Stanley thinks a global recession will come if the trade war escalates through the U.S. raising tariffs to 25% “on all imports from China for 4-6 months.”

* “As we view the risk of further escalation as high, the risks to the global outlook are decidedly skewed to the downside,” Morgan Stanley chief economist Chetan Ahya says.

* China has promised to retaliate to new tariffs that President Donald Trump said will begin on Sept. 1.

https://www.cnbc.com/2019/08/05/morgan-stanley-escalating-trade-war-means-global-recession-is-coming.html