Morgan Stanley CEO says 50-50 chance U.S. economy enters recession
Reuters
Published Jun 13, 2022 01:18PM ET
NEW YORK (Reuters) - Morgan Stanley (NYSE:MS) 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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Written By: Reuters
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