Morgan Stanley Cuts 2012 Global Growth Forecast Again
November 28, 2011 at 01:19 AM EST
The continuing uncertainty over debt troubles in Europe and the U.S. has increased the downside risks to global growth, according to Morgan Stanley. The bank downgraded its forecast for global growth next year to 3.5 percent from 3.8 percent, just three and a half months after it cut its forecast from 4.5 percent.