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Morgan Stanley CEO says 50-50 chance U.S. economy enters recession
2022.06.13 20:36
FILE PHOTO: James P. Gorman, chairman & CEO of Morgan Stanley, testifies on Capitol Hill in Washington, U.S., April 10, 2019. REUTERS/Aaron P. Bernstein/File Photo
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.”
