Morgan Stanley CEO says 50-50 chance U.S. economy enters recession – Reuters.com

Written by Amanda

James P. Gorman, chairman & CEO of Morgan Stanley, testifies on Capitol Hill in Washington, U.S., April 10, 2019. REUTERS/Aaron P. Bernstein/File Photo

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NEW YORK, June 13 (Reuters) – Morgan Stanley (MS.N) Chief Executive Officer James Gorman said on Monday that he thinks there is a roughly 50% chance that the U.S. economy will enter a recession, speaking at a conference hosted by his firm.

He said no one “can accurately predict where inflation will be a year from now.” However, if the U.S. were to fall into a recession, he said, it is unlikely to be “deep or long.”

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Reporting by Elizabeth Dilts Marshall and Sinead Cruise; editing by Jonathan Oatis

Our Standards: The Thomson Reuters Trust Principles.

Source: reuters.com

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Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai