Morgan Stanley raised its economic growth forecast up this week, citing a “boom in large-scale infrastructure” driven by President Biden’s Infrastructure bill, according to reports.
“The economy in the first half of the year is growing much stronger than we had anticipated, putting a more comfortable cushion under our long-held soft landing view,” Morgan Stanley’s Chief U.S. Economist Ellen Zentner said in a note Thursday, MarketWatch reported.
Read More : Morgan Stanley Upgrades Economic Growth Forecast, Cites Biden Infrastructure “Boom”