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SPXL 213.39-5.0%Nov 13 4:00 PM EST
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To: pallmer who wrote (6890)4/2/2003 3:19:39 PM
From: Chris McConnel  Read Replies (1) of 29596
 
NEW YORK (CNN) - One of Wall Street's leading economists is predicting a global recession this year, prompted in large part by fears surrounding Severe Acute Respiratory Syndrome (SARS), the "mystery illness" with cold-like symptoms that is blamed for 78 deaths in 15 countries, CNNfn has learned.

Morgan Stanley's chief economist in the United States, Stephen Roach, will formally advise clients Friday that he's forecasting a world recession in 2003. His previous forecast was for an annual growth rate of 2.5 percent.

money.cnn.com
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