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Economic bounceback.

Europe Intelligence Wire

| September 01, 2003 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Financial Director)

Morgan Stanley predicts that, after three tough quarters, the global economy is overdue for a bounce. Underlying economic indicators in the US, it says, suggest that the economy is "about to shift gears", with the rest of the US-centric world close behind. However, Morgan Stanley warns that US fiscal profligacy may push the national savings rate into negative ...

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