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.
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