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Morgan Stanley: U.S. 'dangerously close' to recession
In its report, Morgan Stanley lowered its global growth forecast to 3.9 percent this year from 4.2 percent, and to 3.8 percent in 2012 from 4.5 percent.
It also said the United States and Europe were "dangerously close" to a recession over the next 6 to 12 months. It said "policy errors" in both the United States and Europe had led to the global downgrade.
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''O''-bummer
In its report, Morgan Stanley lowered its global growth forecast to 3.9 percent this year from 4.2 percent, and to 3.8 percent in 2012 from 4.5 percent.
It also said the United States and Europe were "dangerously close" to a recession over the next 6 to 12 months. It said "policy errors" in both the United States and Europe had led to the global downgrade.
Premium Link Upgrade
''O''-bummer
