Global Macro outlook from Morgan Stanley, with cuts to growth forecasts

  • Cuts 2015 global growth forecast to 3.1% (from 3.4%)
  • 2016 seen at 3.4% growth (from 3.9% prior)
  • Cites revisions to US benchmark GDP
  • Sees the US Fed rate hike coming in December
  • See the Bank of England hike coming in February