Goldman Sachs and Morgan Stanley

[vc_row][vc_column][vc_paragraph text=”Goldman Sachs and Morgan Stanley analysts state that the world economy has crashed and despite the consumers’ confidence and other indicators show strength, the market recovery may take a long time.“][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Is the worst about COVID-19 behind us?” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The two financial giants Goldman Sachs and Morgan Stanley claim that the world economy has hit bottom. The leading industry experts confirm it but they still see some promising trends of that the crisis may soon be over.”][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Signs of the economic recovery” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Bloomberg reports that the leading analysts predict changes of the economic situation. They say that some indicators promise the upcoming turn. According to chief economist of Morgan Stanley Chetan Ahia, the consumers’ expectations have improved. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The Chinese economy crashed in February, while the USA seemed to hit the bottom in late April. Jan Hazius, major expert in Goldman Sachs, reaffirmed these predictions, “the economic activity has obviously reached the minimum”. IMF reiterated its position on that “a v-shaped recovery may soon be expected”.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”However, other experts feel uncertain about this. Thus, HSBC Holdings analyst James Pomeroy warned that rates on a sharp turn may be risky. He refers to the indicators of the Chinese economy where the consumers’ expenses were recovering extremely slow to the pre-COVID-19 level. And people are still worried about their ability to purchase and getting back to work.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Analysts note that the economic recovery may become the “news selling” event because the consumers’ expenses will be growing slowly.”][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Bearish market: uncertainty remains” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Even if the world economy has reached the minimum, there is still a question, how long will it take to get back to growth? “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The global investments had looked rather weak even before the pandemic began.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Furthermore, over 30 million of Americans are currently unemployed. (CNN) Due to the surge in the stocks some experts note there is a big difference between the financial markets and real economic condition. The stocks were essentially boosted by US Federal Reserve, not on the basis of actual profit or corporate activity. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Previously Fed made an unprecedented decision to start the ‘unbounded quantitative easing’ in order to mitigate the effects for the economy. Therefore, although some analyst believe the economy is close to recovery, this turn will likely take a lot of time. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”In truth, the assessment of the global economic prospects depends on which sector you consider because different areas demonstrate different trends, both optimistic and pessimistic. The only industry that remains stable and promising amidst crisis is crypto.”][/vc_column][/vc_row]