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Morgan Stanley expects the US economy to return to pre-epidemic levels by the end of March and the inflation rate will soar.
The US economy is expected to fully rebound to pre-pandemic levels by the end of the quarter, a team led by Ellen Zentner, chief US economist, said in a report on Tuesday. The output gap, a measure of the ratio of real growth to estimates of maximum potential growth, is expected to turn positive, reaching 2.7 per cent by the end of the year, the highest level since the 1970s, according to the bureau of economic analysis. Morgan Stanley said that the reopening of the economy, faster vaccination and stronger job growth have all prompted it to raise its growth forecast for this year.
新浪財經Mar 10, 2021 07:57