roach-doubts-the-us-will-avoid-recession

Roach doubts the US will avoid recession

Renowned economist and chairman of Morgan Stanley Asia, Stephen Roach, says a prolonged economic downturn in the US could lead to protectionist trade policies.

By Lara Wozniak

February 27, 2008

Morgan StanleyÆs Asia chairman Stephen Roach û one of the few high-profile economists who was bearish on the US economy well before it was in vogue û managed to make an American Chamber of Commerce lunch crowd chuckle while he delivered a pessimistic view of the US economy on Wednesday.

Perhaps thatÆs because these US citizens live and work in Asia û and while he doesnÆt buy into the decoupling theory, heÆs less bearish on the region.

ôI certainly am negative on prospects for the US economy. I am far less negative on what that means for Asia,ö says Roach, joking that Morgan Stanley moved him from New York to Hong Kong because the firm...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Banks