A global economic outlook

Abstract

Richard Berner is a Managing Director and Chief US Economist at Morgan Stanley. He directs the firm’s forecasting and analysis of the US economy and financial markets. Before joining Morgan Stanley in 1999, Richard Berner was Executive Vice President and Chief Economist at Mellon Bank, and a member of Mellon’s Senior Management Committee. Prior to that, he served as a Principal and Senior Economist for Morgan Stanley, as a Director and Senior Economist for Salomon Brothers, as Economist for Morgan Guaranty Trust Company, and as Director of the Washington, DC office of Wharton Econometrics. Dick also served for seven years on the research staff of the Federal Reserve in Washington, where he co‐directed the Fed’s model‐based forecast.