“This time will be worse than the global recession of 2001,” says Ahya.
SINGAPORE (Mar 17): The Covid-19 outbreak has now moved on to Europe and the US, after rattling the Asian stock markets. This, according to Morgan Stanley, is a sign that a global recession in 2020 is inevitable.
According to Chetan Ahya, chief economist and global head of economics at Morgan Stanley, the economic damage of the spread will be “severe”, and that’s putting it mildly.
