Morgan Stanley cuts 2019 global growth estimate to six-year low

Analysts at Morgan Stanley led by Chetan Ahya, their chief economist and global head of economics, have cut the global growth forecast for 2019 and 2020. They now project global growth to slow further to hit a six-year low of 2.9 per cent by 2019-end from 3.2 per cent in the first quarter of 2019 (1Q19) and the recent peak of 4 per cent in the second quarter of 2018 (2Q18).

The developments post-G20 meeting, Morgan Stanley says, are not enough to remove the uncertainty around trade policy, given the lack of clarity so far on the critical issues. United