Per Bloomberg, while Goldman Sachs and Morgan Stanley project continued economic expansion, the Jerome Levy Forecasting Center places the odds of a world-wide recession by the end of next year at 65% . They argue that balance sheet excesses still exist, that policy makers have little room to reverse any slump, and that low inflation risks tipping into deflation in many parts of the world. At 13% of GDP, U.S. exports represent their largest share ever, and are threatened by over-seas slow down. They project interest rates at zero until the next decade.
Posted on: Mon, 10 Nov 2014 17:18:29 +0000