Morgan Stanley forecasts growth in 2016 but consumer spending essential

By Vanessa Desloires
Updated November 30 2015 - 4:23pm, first published 3:38pm
The biggest threats to consumer spending in developed markets in 2016 will be tighter monetary policy and recovering oil prices. Photo: Andrew Quilty
The biggest threats to consumer spending in developed markets in 2016 will be tighter monetary policy and recovering oil prices. Photo: Andrew Quilty
Private consumption in developed markets should hold up in 2016 and keep global real GDP growth tracking, Morgan Stanley says.  Photo: Morgan Stanley Research
Private consumption in developed markets should hold up in 2016 and keep global real GDP growth tracking, Morgan Stanley says. Photo: Morgan Stanley Research

The recovery in global growth will be a slog in 2016 and relies primarily on consumer spending holding up in the face of higher US interest rates, rising inflation and political uncertainty, Morgan Stanley says.

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