MORGAN STANLEY: A global recession could arrive by early 2020 if the US-China trade war continues (M

An escalation of the US-China trade war could send the global economy into recession in just "three quarters' time," Morgan Stanley's chief economist said in a Monday report. The analyst noted that an increased US tariff of 25% on Chinese imports for four-to-six months could catalyze a global pullback, as weak corporate sentiment and slowed domestic demand already threaten the economy. The report follows failed negotiations between the two nations and President Trump's subsequent...