Morgan Stanley's Zentner Sees Global Growth Bottoming in First Quarter

The video discusses the economic challenges posed by the coronavirus and the phase one trade deal. It highlights the temporary delay in economic progress due to factory shutdowns in China, leading to inventory drawdowns. However, it emphasizes the potential for economic rebound once the peak infection rates pass, particularly in the industrial sector. The video also notes the expected global growth bottoming in the first quarter, with China facing more damage than anticipated. The ASM numbers reflect a rebound in trade sentiment following the trade deal signing.

What is one potential consequence of the phase one trade deal mentioned in the video?

• A rise in unemployment

• A reduction in tariffs

• An export boom

• A decrease in global trade

How might the coronavirus affect economic progress according to the video?

• It will completely halt economic progress

• It will accelerate economic growth

• It may delay economic progress

• It will have no impact

What happens to inventories when factories in China are shut down?

• Inventories increase

• Inventories remain the same

• Inventories are drawn down

• Inventories are destroyed

What is a typical economic response after an epidemic, as mentioned in the video?

• A rebound in economic activity

• A shift to agricultural production

• A permanent decline in economic activity

• No change in economic activity

What does the video suggest about China's economic recovery compared to global growth?

• China will recover faster than global growth

• China's recovery will be immediate

• China's recovery will not affect global growth

• China will take longer to recover than expected