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Philly Fed Screams Recession

Perspectives Content Submission

Fri, 19 Aug 2011

One the world’s top investment banks today lowered their forecasts for global GDP by 30 basis points and 70 basis points for this year and next, respectively. Here are Morgan Stanley’s revisions to prior projections: - 2011: Global GDP forecast of 3.9%, down from 4.2% - 2012: Global GDP forecast of

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