Morgan Stanley Raises US Economic Growth Forecast, Citing Biden's Infrastructure Investment
Morgan Stanley has raised its economic growth forecast, attributing it to the "boom in large-scale infrastructure" driven by President Biden's Infrastructure bill. The bank has made a significant upward revision to its predictions, now forecasting 1.3% GDP growth in the fourth quarter and 1.9% growth for the first half of the year. Despite the positive outlook, Biden's poll numbers remain low, and Republicans continue to criticize his economic policies.