Morgan Stanley Experts Say Economy Will Return To Pre-COVID Levels By End Of Year

Economists from Morgan Stanley have predicted that the world economy will return to pre-coronavirus levels by the year’s end, creating a “v-shaped recovery.”

Morgan Stanley: “The Recovery Will Gather Further Momentum”

“We have greater confidence in our call for a V-shaped recovery, given recent upside surprises in growth data and policy action,” said Chetan Ahya, the chief economist at Morgan Stanley. “The global economy bottomed in April and the recovery will gather further momentum, making this a short recession.”

The Morgan Stanley team is arguing that the US economy has “moved into expansion,” past the insanely sharp dip and deflation caused by the coronavirus outbreak. It seems likely that this was helped by the decisive action taken by the government when passing the $2.2 trillion CARES Act that gave every American $1,200 to spend and stimulate the economy, along with further packages for businesses.

Larry Kudlow, the economic advisor at the White House, backed this judgement.

“I think we’re off to the races in what will be a strong v-shaped recovery,” he told Maria Baritromo on Sunday.

The global economy is likely to grow by 3% in the first quarter of next year, the Morgan Stanley economists predicted, a strong reversal from the coronavirus drop.

RELATED: Hey America: Why Would We Change Horses In The Middle Of Fixing This Economy?

A Quick Escape From These Tough Times?

In these times of great strife and division across the country and the world, I think it’s safe to say that this good news should be welcomed with open arms. I think this is just what everyone who has been suffering these past few months wants to hear – that there is a light at the end of the tunnel, and we won’t be plunged into years of economic problems.

It also looks like the actions of governments across the world to help businesses and citizens through the coronavirus are working. While we face a far deeper and sharper recession than in 2008, as more people go back to work and to school, this v-shaped recovery should bring us right back to normal.

Jack Hadfield

Jack Hadfield is a conservative and free-speech advocate from the UK. He considers himself to be a professional mischief maker, and loves nothing more than annoying the pearl-clutching left. His work has previously appeared in Breitbart and Politicalite.

Recent Posts

Monkeypox Gets Canceled: WHO Says Name is Racist, Changes It to ‘Mpox’

In what seems to be another foray into left wing "logic," the World Health Organization…

11 mins ago

Warnock, Walker Battle In Georgia Senate Runoff With Half A Million Ballots Already Cast

By T.A. DeFeo (The Center Square) More than half a million Georgian voters have already cast ballots…

49 mins ago

Jill Biden Encourages Radical Teachers and Student Indoctrination: “Our Schools are Where Policies Become People”

A video of First Lady Jill Biden speaking at the American Federation of Teachers convention…

2 hours ago

DeSantis Blasts Apple In Dispute Over Elon Musk, Twitter

By Casey Harper (The Center Square) Elon Musk says Twitter may now be removed from…

2 hours ago

Biden Punts Possible Devastating Rail Strike Dilemma to Congress to Solve

It wasn't that long ago that there were grumblings of a possible rail strike threatening…

3 hours ago

Pence Says Trump Should Apologize For Dinner With Nick Fuentes, Kanye – Conservatives Slam Controversy as ‘Performative Politics’

Former Vice President Mike Pence says Donald Trump should apologize for having dinner with Kanye…

5 hours ago