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Watch for a Worldwide Recession:
Ruchir Sharma, head of emerging markets equity and global macro, Morgan Stanley Investment Management
“We are now just one big shock away from a global downturn, and the next one seems most likely to originate in China, where heavy debt, excessive investment, and population decline are combining to undermine growth, while relatively low-debt countries from Eastern Europe to South Asia look better positioned to weather the inevitable next turn in the cycle.”
http://www.bloomberg.com/news/artic...-for-2016-from-the-brightest-minds-in-finance
Ruchir Sharma, head of emerging markets equity and global macro, Morgan Stanley Investment Management
“We are now just one big shock away from a global downturn, and the next one seems most likely to originate in China, where heavy debt, excessive investment, and population decline are combining to undermine growth, while relatively low-debt countries from Eastern Europe to South Asia look better positioned to weather the inevitable next turn in the cycle.”
http://www.bloomberg.com/news/artic...-for-2016-from-the-brightest-minds-in-finance
