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Morgan Stanley lowers India's 2012 GDP forecast to 7.4%

Last Updated: Friday, August 19, 2011, 19:56

Investment banking major Morgan Stanley has revised downwards its India's economic growth forecast for 2012 to 7.4 percent.

Morgan Stanley cuts global growth forecasts

Last Updated: Thursday, August 18, 2011, 19:12

Morgan Stanley slashed its global growth forecast for 2011 and 2012, saying the US and the euro zone were "dangerously close to a recession", and criticised policymakers in Washington and Europe for not acting more decisively to contain the sovereign debt crisis.