Morgan Stanley And Goldman Sachs Cut Global Economic Growth Expectations

2011/8/19 16:22:00 63

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Downgrading Global Economic Growth Expectations

According to the Wall Street journal, the stock market is again big today.

Fall

At the same time, Morgan Stanley lowered its forecast for global economic growth this year and next, because the economic growth rate was lower than expected in the second quarter of this year, and the global trade growth slowed down, and some countries announced further tightening measures.

The agency also pointed out that commodity prices were high and the euro exchange rate was overvalued, and the peripheral financial situation in the eurozone continued to be tight.

The United States and the euro zone are dangerously hovering on the edge of the recession, and the GDP growth rate is expected to drop from 4.2% to 3.9% in 2011, and the 2012 growth rate is expected to drop from 4.5% to 3.8%, the agency said.

At the same time, the euro area's GDP growth rate in 2011 and 2012 will be reduced from 2% and 1.2% to 1.7% and 0.5% respectively, and the growth rate of China's GDP in 2012 will be reduced from 9% to 8.7%.

Morgan Stanley

Li also said it expects the European Central Bank to raise interest rates and may reduce interest rates next year. The agency also lowered the refinancing rate from the previous 2% to 1% at the end of 2012.

On the stock market side, the agency is still cautious and suggests reducing economic cyclical stocks.

Goldman Sachs (Goldman Sachs) also lowered global GDP on the same day.

growth rate

It is expected that the global GDP growth rate in 2011 and 2012 will be reduced from 4.1% and 4.6% to 4% and 4.4% respectively.

The biggest adjustment is the US and the eurozone.

Goldman Sachs downgraded the US GDP growth rate from 1.8% and 3% to 1.7% and 2.1%, respectively, and lowered the European GDP growth rate from 2.1% and 1.7% to 1.9% and 1.4%, respectively.