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11/17/2020, 5:46 PM (Source: TeleTrader)
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Morgan Stanley: Europe set for strong 2021 rebound

Morgan Stanley expects Europe to experience a "strong rebound" in economic activity next year despite the severity of the second wave of the coronavirus pandemic.

According to CNBC, Morgan Stanley analysts told investors on Tuesday the continent's recovery from the COVID-19 crisis will be three times faster than after the global financial crisis of 2008.

"In spring 2021, assuming wide availability of an effective vaccine, we see pent-up demand and higher savings fuelling a strong rebound, in an echo of 3Q20," analysts said in the latest European economic outlook.

Breaking the News / JC