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Recession may hit the global economy, except India: Morgan Stanley

The global economy is facing slowdown and according to Morgan Stanley, the world economy may be hit by recession in 9 months from today and even the largest of the world economies will suffer from it. Morgan Stanley, however, said that India may not face recession. However, it can't undermine the fact that India is witnessing a crippling slowdown. Some sectors like the automobile industry are dangerously close to recession.