Morgan Stanley says global growth should recover in 2020 as trade tensions

and monetary policy ease

Trade tensions and monetary policy are easing for the first time in seven quarters, but the US will experience slower growth as new emerging markets are driving much of the recovery from these tensions. Morgan Stanley claims that real GDP growth will slow from 2.3% in 2019 to 1.8% in 2020. Easing trade tensions will reduce business uncertainty and will ultimately make policy stimulus more effective. But this solely depends on the outcome of the trade war with China, also if Trump ends up implementing the next round of tariffs on December 15th then global growth in the final quarter of this year will slow to 2.8% and a recovery will be delayed until the third quarter of 2020. In 2020 the economy will also grow more slowly as the "bulk of the positive lift from lower interest rates will have been absorbed and households balance higher income with higher prices from tariffshttps://www.cnbc.com/2019/11/18/morgan-stanley-says-global-growth-should-recover-in-2020.html