China May Tip World Into Recession: Morgan Stanleyby Ye XieGavin SerkinJuly 13, 2015 — 5:13 PM China may soon have another thing to offer the world: a recession.That is the prediction from Ruchir Sharma, head of emerging markets at Morgan Stanley Investment Management, who says a continuation of China’s slowdown in the next years may drag global economic growth below 2 percent, a threshold he views as equivalent to a world recession. It would be the first global slump over the past 50 years without the U.S. contracting.
Source: China May Tip World Into Recession: Morgan Stanley – Bloomberg Business