Morgan Stanley predicts strong economy through 2020
But other experts paint a less rosy picture.
It's a scary time for the global economy.
All of a sudden the doom-and-gloom crowd has lots to crow about: China is suffering a scary slowdown, Latin America is imploding and geopolitical threats are on the rise. And the U.S. stock market is off to its worst start to a year. Ever.
Yet the optimists at Morgan Stanley believe the American economy will not only withstand this global turmoil, it may keep growing until at least 2020. That would make the much-criticized recovery from the Great Recession the longest U.S. expansion in the post-war period.
Last week during the market mayhem Morgan Stanley reiterated its 2020 call, pointing to evidence that suggests the U.S. economic expansion isn't ready to call it quits just yet.
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Source: CNN Money