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News Link • Economy - Economics USA

Is the Whole World Going Into a Recession at the Same Time?

As the third quarter comes to an end, strategists and investors are beginning to prep their clients and portfolios for the chance that the whole globe slides into a recession at the same time.

The worse news is that with uncertainty in Europe, the U.S. and China as high as when the quarter began, they can’t find much to do about it.

“A more sinister scenario could also unfold, namely a global synchronous recession where deflation becomes more visible,” said Morgan Stanley’s Adam Parker, the head of U.S. equity strategy, in a note to clients this week. “In recent days, a number of clients have told us they are having great difficulty in getting defensive, even when they want to.”


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